Grassley, Schumer Urge Payday Lenders To Not Ever Exploit Stimulus Rebate Checks

Grassley, Schumer Urge Payday Lenders To Not Ever Exploit Stimulus Rebate Checks

THE ECONOMIC STIMULUS PACKAGE THIS WEEK … GRASSLEY, SCHUMER WARN PAYDAY LENDERS: STAY AWAY FROM AMERICANS’ REBATE CHECKS WITH PRESIDENT BUSH SET TO SIGN

With the government going to Mail Rebate Checks To assist Jumpstart Economy, Scams May EmergePromising Money Up Front—however with a CatchIn Letter, Senators Urge Top Payday loan providers And Tax Preparers To Steer Clear ofPredatory TacticsSimilar to“Refund that is so-Called Loans,” Payday Loans on Rebate Checks CouldCarry Interest Rates Far Higher Than 100percent

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