Rent-A-Center Subsidiary Faces Federal, State Investigations

Virtual “Lease-to-Own” Retailer Under Scrutiny for Deceptive Practices

Elise Hansen in Law360 reports that Rent-A-Center subsidiary Acima is facing an investigation from nearly 40 state attorneys general as well as the Consumer Financial Protection Bureau (CFPB).

Texas-headquartered Rent-A-Center Inc. said in a regulatory filing that it received a letter from Nebraska’s attorney general on Nov. 1 stating that dozens of other state attorneys general have…