H&R Block's (HRB) $7 million settlement of a lawsuit over allegedly deceptive practices of the tax filing services provider was finalized, the Federal Trade Commission said Wednesday.
Under the agreement, which was announced in November and subject to final public comment before implementation, the $7 million fine will be used for consumer redress.
The settlement also requires the company to make several adjustments for the 2025 tax filing season in addition to longer-term changes.
The FTC finalized the order after receiving three comments.
"Many of the changes in the settlement have either already been made or are in process," H&R Block said in an emailed statement to MT Newswires. "We are pleased to put this behind us so we can focus on serving our clients during the 2025 tax season."
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