H&R block settles class action suit.

• Position: Settlements - Brief Article

H&R Block has agreed to settle a massive class action suit in Texas for $26 million, which will be shared among approximately 700,000 taxpayers.

The lawsuit alleged that Block engaged in a "clear and serious violation of duty" by not informing clients of kickback fees it received from its lender, Household Finance, with regard to refund anticipation loans sold by Block.

Refund anticipation...