FTC Fines H&R Block $7 Million, Orders Changes to Advertising, Service Practices
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The Federal Trade Commission has fined H&R Block $7 million and mandated changes to its advertising and customer service practices, which the FTC deemed 'unlawful'. These changes must be implemented by the 2025 tax filing season.
January 09, 2025 | 8:30 pm
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H&R Block has been fined $7 million by the FTC and must change its advertising and customer service practices by 2025 due to unlawful practices.
The fine and required changes indicate regulatory challenges for H&R Block, which could impact investor confidence and short-term stock performance negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100