H&R Block Shares Fall 5 Percent Under Dodd Frank Financial Reform

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Shares of H&R Block Inc. tumbled by more than 5 percent this morning on potential new capital demands tied to its federally insured H&R Block Bank.

The bank is well capitalized under federal standards, Block said in a filing with the Securities and Exchange Commission. But Block may be required to keep more financial capital on hand under the financial reform act known as Dodd Frank Act. Read more on Kansas City Star.

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