Connect with us

Hi, what are you looking for?

Fibonacci Tech News

FTC cracks down on H&R Block for deleting tax data when users want to downgrade

Photo by Michael M. Santiago / Getty Images

The Federal Trade Commission is taking action against tax prep company H&R Block for allegedly wasting consumers’ time and money. The company deceptively marketed its services and made them difficult to downgrade, the FTC claims in an administrative complaint issued Friday.

“H&R Block designed its online products to present an obstacle course of tedious challenges to consumers, pressuring them into overpaying for its products,” FTC Bureau of Consumer Protection director Samuel Levine said in a statement.

The administrative complaint is similar to a lawsuit but results in proceedings before the FTC’s in-house administrative law judge. Findings can ultimately be appealed to a federal court.

The agency alleges that H&R Block steered…

Continue reading…

You May Also Like

Fibonacci Stock News

In the previous technical note, it was categorically mentioned that while the markets may attempt to inch higher, they may not form anything beyond...

Fibonacci Investing News

Chris Edwards Many American cities need more low‐​income housing, but governments reduce supply and raise construction costs with regulations, taxes, and bureaucracy. The Wall...

Fibonacci Tech News

Illustration by Alex Castro / The Verge The question of who gets to regulate crypto has some answers, as a judge has ruled the...

Fibonacci Tech News

Image: Brazil Climate Summit At the moment I arrived at the Brazil Climate Summit event, it felt like home to me. As I opened...