H&R Block Inc. has tentatively agreed to settle a class action lawsuit over its tax-refund loans for $360 million. The nation's largest tax preparer and its banking partner, HSBC Taxpayer Financial Services Inc., were accused of gouging customers by providing "refund anticipation loans" at interest rates frequently exceeding 100 percent. The proposed settlement -- for $110 million cash and $250 million in coupons -- would go to class members who provide a "timely proof of claim."
May 11, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
H&R Block Inc. has tentatively agreed to settle a class action lawsuit over its tax-refund loans for $360 million.
The nation’s largest tax preparer and its banking partner, HSBC Taxpayer Financial Services Inc., were accused of gouging customers by providing “refund anticipation loans” at interest rates frequently exceeding 100 percent.
Presented by BigVoodoo
Law firms & in-house legal departments with a presence in the middle east celebrate outstanding achievement within the profession.
The premier educational and networking event for employee benefits brokers and agents.
The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania and Delaware.
A large and well-established Tampa company is seeking a contracts administrator to support the company's in-house attorney and manage a wide...
We are seeking an attorney to join our commercial finance practice in either our Stamford, Hartford or New Haven offices. Candidates should ...
We are seeking an attorney to join our corporate and transactional practice. Candidates should have a minimum of 8 years of general corporat...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
