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H&R Block (HRB) will not offer tax anticipation loans in 2012 as a combination of the IRS...

  • Tuesday, September 13, 2011, 10:07 AM ET
    H&R Block (HRB) will not offer tax anticipation loans in 2012 as a combination of the IRS providing faster refunds and a spate of negative publicity about the high cost of such loans to customers eats away at demand. A consumer group notes the loan fees translate to the equivalent of an APR of 169%.
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    In my day they would have been expeditiously thrown in jail for loan sharking.
    14 Sep 2011, 02:27 PM Reply Like
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