Republic Bank & Trust Co., one of the major sources of funds for refund anticipation loans, said this week it expects to increase prices on products from its Tax Refund Solutions segment and to revise RAL underwriting. It issued that statement after the Internal Revenue Service announced it would drop the debt indicator for the next filing season. The bank also said IRS plans for a mechanism that would enable taxpayers to pay fees for professional preparers from their return would compete with its Electronic Refund Checks. Read more...