H&R Block Inc. disclosed Tuesday that it is considering abandoning its status as a savings and loan holding company as a result of impending new capital rules.

The Kansas City, Mo., company operates a $1.2 billion-asset bank in addition to its better known tax-preparation business. (Years ago it owned one of the largest subprime lenders in the U.S. Option One Mortgage Corp., whose servicing rights it later sold to bottom fisher Wilbur Ross.)

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry