A federal judge has ruled against some of the main provisions of a New Jersey law restricting interest rates and fees that can be charged on tax refund anticipation loans, even though the annual percentage rates average 115 percent.

New Jersey has tried to place a limit on the amounts that can be charged for the loans. But U.S. District Judge Freda Wolfson noted that provisions of the federal National Banking Act block the state's ability to cap the rates. She said in her ruling that she appreciated the states' concern with protecting consumers but said the duty lies with Congress to fix the law.

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