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Violation Tracker Individual Record

Company: H&R Block, Inc.
Current Parent Company: H&R Block
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $125,000,000
Year: 2011
Date: August 9, 2011
Offense Group: consumer-protection-related offenses
Primary Offense: discriminatory practices (non-employment)
Secondary Offense: mortgage abuses
Mega-Scandal: Discriminatory Lending Practices
Violation Description: An H&R Block subsidiary, Sand Canyon, agreed to pay a setttlement valued at $125 million to resolve allegations it discriminated against African-American and Latino borrowers by offering them loans that had an excessive risk of default.
Level of Government: state
Action Type: agency action
Agency: Massachusetts Attorney General
Civil or Criminal Case: civil
Facility State: Massachusetts
HQ Country of Current Parent: USA
HQ State of Current Parent: Missouri
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: tax preparation services
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.