PA. A.G. HENRY SECURES $11 MILLION SETTLEMENT WITH PREDATORY RENT-TO-OWN LENDER THAT TARGETED LOW-INCOME BORROWERS
May 16, 2023
May 16, 2023
HARRISBURG, Pennsylvania, May 16 -- Pennsylvania Attorney General Michelle Henry issued the following news release on May 15, 2023:
Attorney General Michelle Henry today announced a settlement of a lawsuit filed against Snap Finance LLC and its affiliates for $11.4 million.
According to the lawsuit, the lending company preyed on low-income Pennsylvanians who could not make large purchases without financing, disguising one-year rent-to-own agreements as "100-Day Cas . . .
Attorney General Michelle Henry today announced a settlement of a lawsuit filed against Snap Finance LLC and its affiliates for $11.4 million.
According to the lawsuit, the lending company preyed on low-income Pennsylvanians who could not make large purchases without financing, disguising one-year rent-to-own agreements as "100-Day Cas . . .