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July 20, 2010

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Arkansas Consumer Protection News

H&R Block gets sued

New York Attorney General Eliot Spitzer sued H&R Block on Wednesday, claiming the nation's largest tax preparer fraudulently sold hundreds of thousands of clients individual retirement accounts that were "virtually guaranteed to lose money because of a combination of hidden fees and low interest rates."

Ironically, the suit was filed on the same day the Office of Thrift Supervision granted H&R Block a charter to operate a federal savings bank, which will let it sell more products and services to its tax-return clients, most of whom are low or moderate income.

Block says it's proud of its Express IRA and will fight the suit vigorously. "At a time when the country's personal savings rate has declined to minus 0.7 percent, we've helped 596,000 of our clients begin saving for their future, and more than 40 percent of them had never saved before," H&R Block Chairman and Chief Executive Officer Mark Ernst said in a press release.

Contact a Arkansas Consumer Protection lawyer today and get a free consultation!

Did You Know?

Phishing is a general term for criminals creation and use of e-mails and websites

	Newsroom
	Latest news about Consumer Protection cases in Arkansas and nationwide: Federal Government Moves for Seizure and Forfeiture Federal Government Moves for Seizure and Forfeiture of Unapproved Medical Devices Kevin J. O'Connor, United States Attorne... Read more > U.S. Joins OECD Partners in Fighting Cross-Border Fraud A June 17 FTC press release describes guidelines for such cooperation just released by the Organization for Economic Cooperation and Development (O... Read more > Attorney General Salazar Announces Legislative Agenda Attorney General Ken Salazar today released his list of legislative items he hopes the General Assembly will consider and enact into law. The legis... Read more > More Consumer Protection News >

Consumer Protection Lawyers.com Terms

Today's Terms

Residual Value

Definition:
The end-of-term value of the item established at the beginning of the lease and used in calculating your base monthly payment. The residual value is deducted from the adjusted capitalized cost to determine the depreciation and any amortized amounts. It is an estimate that may be determined in part by using residual value guidebooks. The residual value may be higher or lower than the realized value at the scheduled end of the lease.

Health Consumer Bill of Rights

Definition:
Was developed by the federal government. This has been used as a foundation for many health plans, including the federal government sponsored health plans. Health care consumer's rights; Rights of the health care consumer

Travel Fraud

Definition:
Pay with a credit card. Fraudulent travel operators take the money and run, and even legitimate companies can suddenly go out of business. Protect yourself by paying with a credit card so you can dispute the charges if the promises aren’t kept.

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Consumer Hot Topics

Topics Related to Consumer Protection:

Automobile Repair
Buying a Car
Buying a Hearing Aid
Buying or Selling a Home
Cable Television
Charitable Giving

Arkansas Consumer-Protection Attorney

If you live in the following cities and need an Consumer-Protection attorney you should contact our Consumer-Protection Attorney as soon as possible:

Batesville
Benton
Bentonville
Blytheville
Cabot
Camden
Conway
El Dorado
Fayetteville
Forrest City
Fort Smith
Harrison
Hot Springs National P
Jacksonville
Jonesboro

Little Rock
Magnolia
Mountain Home
North Little Rock
Paragould
Pine Bluff
Rogers
Searcy
Sherwood
Springdale
Texarkana
Van Buren
West Memphis
White Hall

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