Agreement requires H&R Block to convert all existing “Express IRA” accounts to new program that does not charge onerous fees NEW YORK, N.Y. (January 4, 2010) - Attorney General Andrew M. Cuomo today announced a multi-million dollar settlement with H&R Block requiring the company to refund fees it charged to low- and middle-income customers nationwide who were enticed into purchasing its fee-laden and fraudulently marketed Express IRA product. The agreement settles a lawsuit filed by the Attorney General’s Office that alleged that H&R Block (NYSE: HRB), the nation’s largest provider of tax preparation services, steered hundreds of thousands of its customers, including more than 30,000 New Yorkers, into individual retirement accounts that were virtually guaranteed to lose money due to a combination of hidden fees and low interest rates.