Texas Judge Approves Settlement in H&R Block Refund Suit

A Texas judge approved a settlement Tuesday that could cost H&R Block Inc. as much as $262 million, ending one of several class action lawsuits filed against the tax-preparation firm over its "refund anticipation" loans. The suit charged that Kansas City, Mo.-based Block misled its clients when it did not disclose the true costs of the short-term loans, offered to customers awaiting income tax refunds.

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