H&R Block cuts rates on tax refund loans
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After a barrage of lawsuits accusing   it of overcharging customers, H&R Block Inc. HRB.N on   Thursday said it will slash fees on loans to people waiting for   tax refunds.
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The Federal Reserve on Tuesday slashed U.S. interest rates by a hefty half-percentage point in a bold bid to shield the economy from a housing slump and financial turbulence, sparking a big rally on Wall Street.
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NEW YORK - New applications for US home loans dropped more than 9 percent last week even as average 30-year mortgage rates also eased from the previous week, an industry group said on Wednesday.
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The Federal Reserve cut a short-term interest rate yesterday to try to keep problems in the housing and mortgage markets from dragging the nation into recession, but Wall Street judged the move as too timid and financial markets tanked.
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Business & money: Lenders move swiftly to cut home loan rates after the Bank of England cut the price of borrowing
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H&R Block Inc. , the largest U.S. income tax preparer, reported a quarterly net loss on Thursday, weighed down by the subprime mortgage unit it has put up for sale, but revenue from its tax and banking businesses rose sharply.
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H&R Block Inc , the largest  U.S. tax preparer, said it was trying to renegotiate the sale  of its Option One Mortgage Corp unit and would get out subprime  lending after its quarterly loss more than doubled.
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Americans of every income have benefited from a drop in federal income tax rates as Bush administration tax cuts enacted since 2000 took effect, an independent analysis of newly released IRS data shows. But those earning $75,000 to $500,000 are shouldering a larger share of total taxes.
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HSBC, Standard Chartered, Hang Seng bank announced Thursday that they will cut their lending and saving rates despite the 25 points rate hike in the United States overnight.
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It's tax time -- again. Whether you do your own return or hire a preparer, knowing the twists and turns in the tax code can help trim what you owe or boost a refund.
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The end of an excise tax means offers of a refund.
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The Federal Reserve is expected to lower U.S. interest rates on Wednesday as part of an ongoing aggressive effort to spare the economy from the worst effects of a deep housing slump and credit crunch.
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Late tax law changes may delay refunds for very early filers.
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WASHINGTON -- Democratic and Republican congressional leaders reached a tentative deal Thursday on tax rebates of $300 to $1,200 per household and business tax cuts to jolt the slumping economy.
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H&R Block Inc said on Thursday the sale of its Option One Mortgage Corp. subprime lending unit may fall apart, as credit markets deteriorate and after its quarterly loss more than doubled.
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Refinance while rates are low. Save up to $1000s on your mortgage payment. Free quotes - bad credit OK!
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The Federal Reserve on Wednesday cut a key interest rate for the second time in just over a week, reducing the federal funds rate by a half point