Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role 
FDA Fast-Tracks Approval of Altria’s on! PLUS Nicotine Pouches Under New Pilot Program 
Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies 
7-Eleven CEO Joe DePinto to Retire After Two Decades at the Helm 
Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz 
ANZ New CEO Forgoes Bonus After Shareholders Reject Executive Pay Report 
Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand 
Roche CEO Warns US Drug Price Deals Could Raise Costs of New Medicines in Switzerland 
Volaris and Viva Agree to Merge, Creating Mexico’s Largest Low-Cost Airline Group 
Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy 
Maersk Vessel Successfully Transits Red Sea After Nearly Two Years Amid Ongoing Security Concerns 
OpenAI Explores Massive Funding Round at $750 Billion Valuation 
Elon Musk Wins Reinstatement of Historic Tesla Pay Package After Delaware Supreme Court Ruling 
Boeing Seeks FAA Emissions Waiver to Continue 777F Freighter Sales Amid Strong Cargo Demand 
Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track 
Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law 
U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties 
SIOUX FALLS, S.D., Oct. 26, 2016 -- Meta Financial Group, Inc.’s (NASDAQ:CASH) bank subsidiary, MetaBank®, has entered into an agreement with certain H&R Block entities to originate up to $1.45 billion and retain up to $750 million of interest-free Refund Advance loans for H&R Block® tax preparation customers during the 2017 tax season. H&R Block has approximately 10,000 company-owned and franchise retail locations in the U.S. This program builds on MetaBank’s growing presence in the tax payments industry.
“We are delighted to team with H&R Block, a respected brand and trusted household name in the tax preparation business,” said Brad Hanson, President of MetaBank and Meta Payment Systems. “Importantly, we are working with Specialty Consumer Services, LP, proven leaders in underwriting and risk management of tax related financial products, and BofI Federal Bank who has agreed to purchase consumer-friendly Refund Advance loans originated by MetaBank to H&R Block’s loyal customer base.”
“H&R Block looks forward to working with MetaBank to offer this consumer friendly product,” said Greg Macfarlane, Senior Vice President, U.S. Retail Products and Operations, H&R Block. “We want to ensure delivery of exceptional value to our customers, and interest-free Refund Advances are a great addition to our already competitive suite of products.”
About Meta Financial Group®
Meta Financial Group, Inc. (MFG) is the holding company for MetaBank®, a federally chartered savings bank. MFG shares are traded on the NASDAQ Global Select Market® under the symbol CASH. Headquartered in Sioux Falls, SD, MetaBank operates in both the Banking and Payments industries through: MetaBank, its traditional retail banking operation; Meta Payment Systems, its electronic payments division; AFS/IBEX, its insurance premium financing division; and Refund Advantage, its tax-related financial solutions division.
About H&R Block®
H&R Block, Inc. (NYSE:HRB) is a global consumer tax services provider. Tax return preparation services are provided by professional tax preparers in approximately 12,000 company-owned and franchise retail tax offices worldwide, and through H&R Block tax software products for the DIY consumer. H&R Block also offers adjacent Tax Plus products and services. In fiscal 2016, H&R Block had annual revenues of over $3 billion with 23.2 million tax returns prepared worldwide. For more information, visit the H&R Block Newsroom at http://newsroom.hrblock.com/.
Media Contact: Katie LeBrun Corporate Communications Director 605.362.5140 [email protected]
