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WITH PRESIDENT BUSH SET TO SIGN THE ECONOMIC STIMULUS PACKAGE RECENTLY. GRASSLEY, SCHUMER WARN PAYDAY LENDERS: STEER CLEAR OF AMERICANS’ REBATE CHECKS

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