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August 24, 2010

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Rhode Island 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 Rhode Island 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 Rhode Island and nationwide: FBI Partners With Retailers To Fight Organized Retail Theft In response to Congressional legislation intended to combat the growing problem of organized retail theft, the FBI has worked with the National Ret... Read more > The Lemon Law Program, In Connecticut The Lemon. It’s every car owner’s nightmare. Your dream car spends more time in the repair shop than on the road while you watch the "clock" on you... Read more > 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... Read more > More Consumer Protection News >

Consumer Protection Lawyers.com Terms

Today's Terms

CPSC

Definition:
The U.S. Consumer Product Safety Commission, a Federal Government regulatory agency The U.S. Consumer Product Safety Commission is charged with protecting the public from unreasonable risks of serious injury or death from more than 15,000 types of consumer products

Fake Check Scams

Definition:
Fake check scammers hunt for victims. They scan newspaper and online advertisements for people listing items for sale, and check postings on online job sites from people seeking employment. They place their own ads with phone numbers or email addresses for people to contact them.

Lessee

Definition:
The party to whom the item is leased. In a consumer lease, the lessee is you, the consumer. The lessee is required to make payments and to meet other obligations specified in the lease agreement.

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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
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Charitable Giving

Rhode Island 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:

Barrington
Bristol
Central Falls
Coventry
Cranston
Cumberland
East Greenwich
East Providence
Johnston
Lincoln
Middletown
Narragansett
Newport

North Kingstown
North Providence
Pawtucket
Portsmouth
Providence
Riverside
Tiverton
Wakefield
Warwick
West Warwick
Westerly
Woonsocket

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