CFPB Sues Rent-a-Center Affiliate Acima and Acima's Founder Aaron Allred for Illegal Lending Practices
July 26, 2024
July 26, 2024
WASHINGTON, July 26 -- The Consumer Financial Protection Bureau issued the following news release:
The Consumer Financial Protection Bureau (CFPB) today sued Acima and its former chief executive officer Aaron Allred for illegal lending activities in connection with as many as five million consumer financing agreements. The CFPB alleges Acima used deceptive dark patterns and other tricks to trap consumers in high-cost credit agreements to finance the purchase of household goods. Acim . . .
The Consumer Financial Protection Bureau (CFPB) today sued Acima and its former chief executive officer Aaron Allred for illegal lending activities in connection with as many as five million consumer financing agreements. The CFPB alleges Acima used deceptive dark patterns and other tricks to trap consumers in high-cost credit agreements to finance the purchase of household goods. Acim . . .