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Payday Lenders Suffer Rare Attack of Honesty In Arizona, the industry features a bill that could block minimum wage increases, because when individuals don’t have cash, they require short-term loans. Based on numbers from Arizonans for Fair Lending, one in three state borrowers wind up extending their car name loan, making a period of financial …

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Effect on Low-Income Taxpayers and EITC Recipients It would equate to about 1.2 million consumers, or about 25% of RAL borrowers if we assume that Jackson Hewitt, Liberty Tax, and about half of independent preparers charge add-on fees. Making use of Jackson Hewitt’s limit of $40—a assumption that is conservative the expansion of multiple fees—these …

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