Acima

CFPB Rent-A-Center Affiliate Acima Lawsuit Claims Illegal Lending Practices
CFPB Rent-A-Center Affiliate Acima Lawsuit Claims Illegal Lending Practices
July 28, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has accused rent-to-own company Acima of tricking customers into high-cost financing agreements. The CFPB on Friday (July 26) sued...

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Rebranded Rent-A-Center Sees BNPL as Complementary to Long-Term Growth at Upbound
Rebranded Rent-A-Center Sees BNPL as Complementary to Long-Term Growth at Upbound
February 23, 2023  |  Retail

A tough economy hits hardest for those with lower incomes and poor to no credit, which is where rent-to-own and lease-to-own can be a lifesaver...

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Rent-A-Center Sparks Rethink of Rent-to-Own Model
Rent-A-Center Sparks Rethink of Rent-to-Own Model
September 30, 2022  |  Retail

The rent-to-own and lease-to-own retail concepts that seem tailor made for recession-pressed consumers with subprime credit are in fact seeing their models tested by an...

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Rent-A-Center’s Acima Unit Names New Management
Rent-A-Center’s Acima Unit Names New Management
March 30, 2022  |  Personnel

Rent-A-Center has announced a change in management for its virtual lease-to-own operation Acima, one month after reporting disappointing Q4 results. As the Texas-based furniture, appliance...

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Rent-To-Own Looks For Its Place In A BNPL World
Rent-To-Own Looks For Its Place In A BNPL World
August 11, 2021  |  Retail

Much has been written about buy now, pay later (BNPL) in recent months, and for good reason. Major payments players are stepping in, including Visa,...

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Rent-A-Center’s Acima Unveils Digital Retail Leasing Platform
Rent-A-Center’s Acima Unveils Digital Retail Leasing Platform
August 02, 2021  |  Retail

Acima, the virtual lease-to-own (LTO) FinTech arm of Rent-A-Center, Inc., on Monday (Aug. 2) rolled out a digital platform focused on improving the retail leasing...

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Today In Retail: Past Macy’s CEO Anticipates More Store Closures, 46 Pct Of Americans Plan To Travel For December Holidays
Today In Retail: Past Macy’s CEO Anticipates More Store Closures, 46 Pct Of Americans Plan...
December 22, 2020  |  Retail

In today’s top retail news, former Macy’s CEO Terry Lundgren said he anticipates more store closings next year, while about half of Americans intend to...

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Today In Payments: Rent-A-Center Acquires Acima; FIS, Global Payments Eyed Merger
Today In Payments: Rent-A-Center Acquires Acima; FIS, Global Payments Eyed Merger
December 21, 2020  |  News

In today’s top news, Rent-A-Center acquires Acima, FIS and Global Payments discussed a merger and the U.S. Senate reached a deal for a new stimulus...

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Rent-A-Center Acquires Acima For Virtual Lease-To-Own Platform
Rent-A-Center Acquires Acima For Virtual Lease-To-Own Platform
December 21, 2020  |  Partnerships / Acquisitions

Rent-A-Center is acquiring Acima Holdings in a $1.65 billion deal to develop a virtual lease-to-own (LTO) platform. Mitch Fadel, chief executive officer at Rent-A-Center, said...

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