Regulators KO Block RAL Program

Monday, 27 December 2010
News

H&B BLockH&R Block had reached an agreement with its bank to provide refund anticipation loans for the upcoming tax season. But that agreement was wiped out by the Office of the Comptroller of the Currency which has barred HSBC from providing funding for both RALs and refund transfers. The decision gives Block's competitors Jackson Hewitt and Liberty Tax a big advantage in the upcoming tax season as both will be offering refund loans.

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