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Victory! H&R Block Finally Kills RALS!

New Orleans Early this week H&R Block finally threw in the towel and announced that they would totally discontinue RALs for this coming tax season on 2011 returns.  After seven (7) years we can finally count coup on a total victory that once preyed on lower income and desperate families for close to half-a-billion dollars [...]

September 15th, 2011 | Tags: , | Category: ACORN, Citizen Wealth, Ideas and Issues | Leave a comment

H&R Block, HSBC, & the end of RALs

New Orleans Refund Anticipation Loans or RALs are a product that have preyed on lower income worker families since their inception and promotion by the big tax preparers, H&R Block, Jackson-Hewitt, and Liberty, as well as smaller fry who could get access to credit.  Negotiating with these companies could get depressing when I worked [...]

December 28th, 2010 | Tags: , , , , , , , , , , , , , , , , , , | Category: ACORN, Citizen Wealth, Financial Justice | Leave a comment

Santa Barbara Finally Pulls Up Short

Quepos            It was an extra present under the palm tree to read in the pre-dawn that Santa Barbara Bank & Trust was being pulled out of the business of factoring RALs, predatory refund anticipation loan for Jackson & Hewitt and other companies in the viciously competitive tax services market for lower  income and working families.  [...]

December 26th, 2009 | Tags: , , , , , , , , , , , , , , , , , , | Category: Citizen Wealth, Financial Justice | 2 comments
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