Reuters
2022.08.03 02:26

Rent-A-Center settles California claims of unlawful leasing, deceptive marketing

Aug 2 (Reuters) - Rent-A-Center Inc, one of the largest U.S. rent-to-own companies, will pay $15.5 million to settle charges it violated California consumer protection laws related to unlawful leasing practices and deceptive marketing, state Attorney General Rob Bonta said on Tuesday. Bonta said the settlement calls for Rent-A-Center to pay a $2 million civil fine and $13.5 million in restitution to consumers.

Aug 2 (Reuters) - Rent-A-Center Inc (RCII.O) , one of the largest U.S. rent-to-own companies, will pay $15.5 million to settle charges it violated California consumer protection laws related to unlawful leasing practices and deceptive marketing, state Attorney General Rob Bonta said on Tuesday.

Bonta said the settlement calls for Rent-A-Center to pay a $2 million civil fine and $13.5 million in restitution to consumers.

The copyright of this article belongs to the original author/organization.
The current content only represents the author’s point of view, and has nothing to do with the position of Longbridge. The content is for investment reference only and does not constitute any investment advice. If you have any questions or suggestions about the content services provided by Longbridge, please contact: editorial@longbridge.global

Like