"Everything the IRS is doing is aimed at one thing, and that is to kill the incentive the preparer has to commit fraud in order to overinflate the refund."
Yea, that's the ticket! Only the preparer commits fraud. The vast majority of bank products are sold by Block, Hewitt, and Liberty. The preparers for those tax firms have absolutely no financial incentive to sell those products. Block preparers don't receive compensation for opening emerald card accounts.
The fee structure on the IRS prepaid card is similiar to that of the emerald card. Both are horrible products made available to customers with no bank account and a horrible credit rating. The main difference is that the IRS chooses which bank you can go to for these products instead of the free market.
No, this new IRS policy of refusing to provide the debt indicator along with the expanded role of the IRS in the financial services sector has nothing to do with the IRS. It's the federal government slowly expanding its influence in the lives of the average American and to transfer economic viability from the free market to the government.
Be careful for what you wish for because you won't like what you get.