Tag: Congress|Legislation|Pension advance|Pension Rights Center
Controversial Pension Advance Industry Flourishes With Little Federal, State Scrutiny
Effectively unregulated in all but two states, pension advance outfits offer lump-sum payments in exchange for a claim on future pension payouts, often from military retirees. As recent reports from the Government Accountability Office have found, the effective interest rates can be astronomical. In California, rates ranged as high as 84 percent, 7 times the […]
