"

Estimated reading time: 1 minute, 33 seconds

Republic Increases Jackson Hewitt RAL Biz

Thursday, Dec 31 2009
News
Written by 

Jackson Hewitt LogoPARSIPPANY, N.J. - In the wake of the exit of Santa Barbara Bank and Trust from the refund loan business, tax services company Jackson Hewitt has reached an agreement under which Republic Bank & Trust would increase the amount of funds it provides for financial products to 45 percent in the 2010 tax season, up from 25 percent a year ago. The terms extend through Oct. 31, 2012.

The deal follows Santa Barbara's announcement it was selling its business after the Office of the Comptroller refused to approve its lending as part of any financial product program offered by tax preparation companies. Santa Barbara had been expected to provide 75 percent of the capital for products such as refund anticipation loans.

Jackson Hewitt is the only company providing financial products to issue a statement about the impact of Santa Barbara's withdrawal. A question about Intuit’s programs drew a statement that the company believes it has taken adequate steps to provide financial products. H&R Block, the biggest preparer, has not made any statement and did not respond to an inquiry. Liberty Tax, which said this week it would issue a statement, has yet to do so.

Kurt Martin
Kurt Martin is a Founder and Group Publisher of Progressive Media Group (PMG) and the Publisher of The Progressive Accountant. During his tenure as Publisher of The NonProfit Times, he grew the imprint from a single newspaper to a community of websites, online job boards, email newsletters and digital editions of the print editions.  Prior to taking the role of Publisher he was the East Coast Sales Manager for Broad Daylight, Inc. a knowledgebase company. He also held management roles in advertising and ciruculation sales at American Banker/Bond Buyer (Thomson), Faulkner & Gray (Thomson) and SourceMedia's Accountants Media Group (Investcorp.) Kurt graduated from Montclair State University with a B.A. in Political Science and Public Administration.   
Read 7225 times
Rate this item
(0 votes)
More in this category: « Feds Ask Republic Bank for Meeting on RALS QB Users to Intuit: Too Much Marketing »
Kurt Martin

Latest from Kurt Martin

Visit other PMG Sites:
Template Settings
Theme

Color

For each color, the params below will give default values
Tomato Green Blue Cyan Dark_Red Dark_Blue

Body

Background Color
Link Color
Text Color

Header

Background Color
Background Image
pattern1 pattern2 pattern3 pattern4 pattern5

Footer

Background Color
Background Image
pattern1 pattern2 pattern3 pattern4 pattern5
Layout
Select layout
Menu
Select menu
Typography
Google Font
Body Font-size
Body Font-family
Direction
Reset