Wolters Kluwer Unit Sued Over Tax-Refund Loan Marketing

Law360, Chicago (April 5, 2012, 1:38 PM EDT) -- An online tax preparation unit of information services giant Wolters Kluwer NV was hit with a putative class action Wednesday in Illinois state court alleging it deceptively markets short-term, high-interest loans backed by security interests in customers’ anticipated tax refunds.

Plaintiff Benjamin Palmer alleges that CCH Inc. violated the Illinois Consumer Fraud and Deceptive Business Practices Act by charging an additional $29.95 to defer, for 8 to 15 days, a customer’s payment of its online tax preparation and software fees without properly labeling that extra fee...
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