H&R Block and HSBC have made it official that they will not be funding any RALs this tax season.  The Office of the Comptroller of the Currency denied HSBCs appeals for RAL provision forcing H&R Block to accept the forgone conclusion of a tax season with no RAL products.  Click here for full story: marketwire_HR [...]

Liberty Tax’s bank has released their lending program for the year and they will be limited to checks of $1,500 and the remainder printed in 7-14 days.  The 50% of Jackson Hewitt offices that have any type of 1-2 day refund options will also be subject to this same limit.

H&R Block is suing their exclusive RAL banking partner HSBC for failure to properly preparer to offer Refund Anticipation Loans this season. Bad news travels fast as H&R saw its stock price drop nearly 11% following the news.