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Stock impact report

H&R Block Agrees to $7M FTC Settlement and Will Make Downgrading Tax Tiers Easier [CNET News]

H&R Block, Inc. (HRB) 
Last h&r block, inc. earnings: 3/5 04:15 pm Check Earnings Report
US:NYSE Investor Relations: en.wikipedia.org/wiki/h
Company Research Source: CNET News
The FTC accused H&R Block of deceptively marketing its do-it-yourself tax filing services as free to customers who didn't qualify for its Free Online tier. And even if they did qualify, H&R Block nudged users into upgrading to paid tax-filing products they didn't need. "American taxpayers who seek tax-filing help should be able to choose the services they need -- and know the truth about how much they'll pay," Samuel Levine, director of the FTC's Bureau of Consumer Protection, said in a statement. The $7 million payment will be used to pay customers impacted by the H&R Block's business practices, according to the FTC. Similar to FTC's legal battle with TurboTax , H&R Block will be required to disclose in its free advertising the "percentage of taxpayers who are eligible" for the tier or if the "majority of taxpayers do not qualify." "H&R Block prides itself in providing consumers with quality online tax preparation products, which has never been an issue in this matter," an H Show less Read more
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