Lockyer sues H&R Block
|Attorney General Bill Lockyer filed a lawsuit against H&R Block today, alleging that the compnay broke 15 state and federal laws in marketing and providing high-cost refund anticipation loans mainly to low-income families.|
"Millions of Californians have placed their trust in H&R Block, and unfortunately H&R Block has repaid them by violating that trust," said Lockyer. "In marketing and selling these expensive loans, H&R Block has profited greatly, but deceived consumers, violated their privacy rights and taken money from California families who can least afford it. This lawsuit seeks to hold the company accountable for unlawful business practices, prevent future violations and compensate victims."
The suit demands that H&R Block pay defendents restitution and $20 million in civil penalties.
equire the defendants to pay restitution to harmed consumers, plus at least $20 million in civil penalties.