Location: Westland, Michigan, United States

Graduate of Walsh Institute Of Accountancy (Now Walsh College) Michigan in 1959. Retired in 1987, but still active in the profession **World War II Veteran (Pacific) **PHONE 734-261-1979 **E-MAIL **(Domain Name CPASENSE Registered) **Mentioned in the Journal of Accountancy, SmartPros, Tax Prof Blog, CPA2BIZ, CPA Journal, AccountingWEB, CPATrendlines & More **Search Accounting Blogs: (Includes cpasense)**TOPICS - FINANCE - FEDERAL & MICHIGAN TAXES ** Making Sense Of Your Finance & Taxes

Monday, March 17, 2008

Michigan OFIS Commissioner: Refund Anticipation Loans Are A Bad Deal For Consumers

Agency strongly supports Tobocman bill requiring consumer disclosures for tax refund loans

LANSING – With the April 15th Tax Day deadline for filing income taxes one month away, Michigan Office of Financial and Insurance Services (OFIS) Commissioner Ken Ross urged Michigan consumers to think twice before they agree to a refund anticipation loan (RAL) also known as “tax refund loans” or “instant loans.”........



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