H&R Block has agreed to a $7 million proposed settlement by the Federal Trade Commission, following a lawsuit filed against the tax filing service by the agency in February.

The Federal Trade Commission finalized an order to H&R Block requiring the tax-preparation company to make changes to its practices ahead of the coming tax season and pay a $7 million fine.

A Federal Trade Commission order requires tax prep giant H&R Block to make it easier for customers to ... FTC mandates changes at H&R Block . By Jeff Stimpson January 14, 2025, 11:42 a.m ... In a ...

Along with a $7 million fine, which will be used to “compensate consumers harmed by the company’s unlawful practices,” the FTC on Wednesday said that H&R Block must offer customers the ...

H&R Block must pay $7 million, which will reportedly be used to compensate affected consumers. Here are other key points of the settlement. By February 15, 2025, H&R Block must implement a system ...

H&R Block shares tumbled 8.2%, while Intuit shed 5.1% on Tuesday. As the dominant players in tax preparation, H&R Block and Intuit, the maker of TurboTax, generate billions in revenue annually by ...

The Federal Trade Commission finalized an order to H&R Block requiring the tax-preparation company to make changes to its practices ahead of the coming tax season and pay a $7 million fine.