Sentence examples for rapid refund from inspiring English sources

The Cost of Getting a Rapid Refund NANCY L. HAESE of Kingsville, Tex., and Lynn Carnegie of Manhattan are each suing H & R Block on behalf of everyone in their states who took out a loan through the company's Rapid Refund program.

PAGE A8 Judge Halts Refundd' Ads A judge has ordered H&R Block to stop using the phrase "rapid refund" and other terms that he said were used to mask expensive loans based on tax refunds.

Mayor Michael R. Bloomberg signed into law yesterday a bill that requires tax preparers to disclose the fees associated with so-called refund anticipation loans, also known as rapid refund loans.

Judge Jackson denied the request for a hearing but said Block could use the term "rapid refund" in areas other than advertising, like reports to the Securities and Exchange Commission.

Block says its Rapid Refund slogan refers to the electronic filing of income tax returns; people who want their money even sooner can also obtain a Refund Anticipation Loan for an extra fee.

Her understanding, she testified, was that "Rapid Refund" meant that "Block had computers and they put it into their computer and I thought it went directly to the I.R.S.'s computer".

It has found that many tax-preparation agencies are offering "rapid refunds" which, as many consumers do not realise, are in fact loans in anticipation of refunds.

While it is legal to make the loans, tax preparers may not describe them as "instant" or "rapid" refunds, which the city considers deceptive and misleading.

She said they should avoid tax preparers who offered rapid refunds and check-cashing businesses that took a percentage — businesses that are common in low-income communities.

The Council has been critical of tax preparation firms that offer rapid-refund loans, saying that consumers who use them are often charged excessive fees when they can receive their full refund, with no interest payments due, in as little as 10 days.

Such loans, billed as "rapid" or "instant" refunds, typically charge exorbitant interest rates.