H&R Block is in hot water once again. The biggest tax preparer in the United States has been ordered to pay a $62.5 million to settle various class-action law suits that allege they charged mafia-like usurious interest rates on loans to customers awaiting tax returns. The settlement involves about 8 million customers in over 26 states.
We have been chronicling the nefarious exploits of H&R Block over the past five years on the radio and The Markowski Monthly newsletter and their latest foray into the “financial planning” business should scare consumers. The fact of the matter is a six week training class will not make anyone a tax expert or a competent financial advisor.