H&R Block Accused Of Biased Lending Practices

Law360 (June 3, 2008, 12:00 AM EDT) -- Massachusetts authorities have slapped H&R Block Inc. and subsidiary Option One Mortgage Corp. with a lawsuit alleging they discriminated against black and Hispanic borrowers in the state by charging them higher fees to close their loans.

The lawsuit, filed Tuesday in Suffolk County Superior Court, claims that Option One and H&R Block targeted minority consumers with marketing that pushed the sale of predatory loan products.

The companies also engaged in unfair and deceptive conduct on a broad scale by selling risky loan products that the companies...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.