H&R Block Drops Short-Term Loans

Millions of H&R Block customers will no longer be able to get short-term loans backed by their tax refunds.

The Tax Preparers' Banking Partner has been forced by federal regulators to stop offering the loans.

They're typically used by low-income customers who file their taxes early in the season.

One analyst says the company could lose up to seven percent of its customers to competitors who still offer those loans.