H and R Block criticized for refund loan plan
The Kansas City based tax firm faces criticism for refund anticipation loans offered to 4.5 million customers last year. Critics say the program exploits low income households while Block reports strong demand and high fees. The average January fee was 76.19 dollars, implying an annualized rate near 140 percent on a two thousand dollar loan.
MENTIONED IN THIS ARTICLE
Michael Liedtke
Associated Press
H&r Block Inc
Block
H&a Block Inc
Internal Revenue Service
When to hire a financial adviser for mutual funds
A reader describes hiring a consultant for mutual funds with upfront loads and fees, regrets lack of independence, and asks about fee only planners. The column advises weighing professional help against costs and suggests pursuing a true fee only planner or no load options with independent referrals.
MENTIONED IN THIS ARTICLE
National Association of Personal Financial Advisors
Dundee Road
Suite
Buffalo Grove
Napfa.org
Panama Works to Clean Up Its Bank System
Panama, long labeled a fiscal paradise, is overhauling laws and agencies to curb money laundering and terrorist financing. The country has strengthened the bank regulator, improved interagency cooperation, and increased international cooperation, while handling about $38 billion in banking activity across more than 100 institutions. Osama bin Laden’s brother was linked to an anonymous Panama-based group, but no money was found.
MENTIONED IN THIS ARTICLE
Traci Cars
Associated Press
Panama City
Panama
Osama bin Laden
Manuel Noriega
Noriega
U.S
Miami
Delia Cardenas
United States
Internationa
Attorney General’s Office
Financial District
Money funds show slight weekly yield drop and assets rise
Money Fund Report notes the seven day average yield on money market funds slipped to 1.36 percent in the week ended Tuesday from 1.37 percent, while 30-day yields held at 1.37 percent. BankRate.com surveys show money market accounts yielding 1.06 percent. Total money market assets reach 2.320 trillion with taxable retail funds down 5.11 billion.
MENTIONED IN THIS ARTICLE
New York
Money Fund Report
iMoneyNet Inc
Westboro
Mass
Td Mfioney Fund
Money Funds
Bankrate.com
North Palm Beach
Fla
Money Market
Investment Company Institute
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H&r Block
Denise Sposato
Ing
The
SEC
H & Fi Block Inc
Securities and Exchange
Bondy
Susan Bondy
Susan
Gazette
Third Ave
Cedar Rapids
Gti
Financial
Dennis Mulherin
1St Ave
Andy Wooldridge
John Locher
Park Place
Ste
Mark Clark
Mt. Vernon Rd
Robert Milbrath
E Ave
Kirk Lebeck
16Th Ave
Jon Roelofs
John Westfall
7Th St. Marion
Mike Westle
Midland Ct
Janet Wegner
7Th Ave
Marion
Brent Hayes
15Th Ave
Hiawatha
Bernice Langel
Vernon Rd
Scott Craig
Edgewood
Robin Werling
Edgewood Rd
Edwardjones.com
SIPC
Edward Jones
Bankrate Inc
Jerry K. Aservices
Uruh
Yka
Silesian
Oss Services Corp
Nascisipc Investment Services
Princer
Allsteel
Keller“Hull Co
1St
Ave
Rabels
Www.gazetteonline.com
Gazetteonline
Gazetteonline.com
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