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A U.S. federal judge has granted approval for the $39 million H&R Block settlement in the consumer class-action lawsuit that claimed the company charged customers too much money for refund-anticipation loans.
The refund-anticipation loans were offered in a program in which customers who got their taxes done by H&R Block were to be given their refunds immediately for a small fee.
However, the class-action lawsuit alleges that the customers were being over-charged for the refunds that amounted to loans with costly fees.
According to plaintiff attorneys, the customers were essentially subjects of consumer fraud. The $39 million settlement that will compensate victims of consumer fraud for their monetary losses was found reasonable and fair by the judge.
H&R Block contends that the customers who signed up for the refund-anticipation loan program were aware of what they were getting into when they accepted the reimbursements.
Have you been a victim of consumer fraud? You may be eligible to file a lawsuit to seek compensation for your losses. Please contact us today to speak with a qualified and experienced consumer fraud attorney who can evaluate your case and inform you of your legal rights and options.
Consumer fraud class action lawsuits are specifically designed to help individuals who have been similarly aggrieved to pursue a common goal – namely to hold the deceptive business accountable for any damages suffered. Thus, consumers who have been defrauded by a corporation or other entity may file a consumer fraud class action lawsuit on behalf of themselves and others to seek compensation for their shared grievance.
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