H&R Block Unfairly Pushes Refund Anticipation Loans: Suit

Law360, New York (December 5, 2011, 2:04 PM EST) -- H&R Block Inc. was hit Friday with a putative class action in Arkansas federal court claiming the company targets minorities and poor people with aggressive marketing of its refund anticipation products, which it then sells at exorbitant triple-digit interest rates.

Plaintiffs Sandy K. Morton, Maryam A. Ballard and Melissa N. Gaskins filed the suit, which also names subsidiaries H&R Block Services Inc., HRB Tax Group Inc., H&R Block Enterprises Inc. and H&R Block Eastern Enterprises Inc., seeking to recover damages on behalf of a class of...
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