In a statement before the Subcommittee on Oversight and Investigations of the U.S. House of Representatives Committee on Financial Services, CFA and the National Consumer Law Center (on behalf of its low-income clients) offer support for the FDIC's important effort during 2011 and 2012 to protect consumers from Refund Anticipation Loans.  CFA and NCLC believe that the FDIC had good reason to be concerned about RALs offered by its supervisee banks and that the FDIC's actions were measured, appropriate, and necessary to protect both consumers and the safety and soundness of banks.