H&R Block Explores Strategic Alternatives for its Bank

H&R Block Inc. is weighing its options for H&R Block Bank in light of expected regulatory changes.

The Kansas City-based tax preparer (NYSE: HRB) said Wednesday morning that strategic alternatives for the bank could mean the bank no longer being regulated as a savings and loan holding company by the Federal Reserve. The Fed’s proposed new rules, meant to align with the Dodd-Frank Act, would mean higher capital requirements on savings and loan holding companies such as H&R Block, the company said, adding that the new regulatory constraints wouldn’t mesh with its plans and operational needs.

Its holding companies would have to “retain significant additional capital,” the company said.

Read more on Kansas City Business Journal.

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