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 Acima — owned by Upbound, formerly known as Rent-a-Center — alleging that the company disguised many of its credit agreements...
Versatile Credit has partnered with Acima Leasing to offer merchants access to Acima’s lease-to-own (LTO) prequalification feature. This partnership will help merchants optimize their financing and leasing programs, and provide a seamless leasing process for their customers, the companies said in a Thursday (Oct. 5) press release emailed...
The Consumer Financial Protection Bureau (CFPB) has sued lease-to-own finance company Snap Finance, alleging deception, consumer law violations and making false threats. The CFPB is now seeking monetary relief, an end to the alleged illegal practices and a civil money penalty, the bureau said in a Wednesday (July...
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 — and in many ways, they are — even as the biggest players in the space keep a hand on...
September 30, 2022
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 unforgiving market where shoppers are showing a preference for bargains and extra sensitivity toward fees. The latest example of this low-end shift was seen Thursday (Sept. 29) in a statement […]
April 27, 2022
There’s a huge difference between the big-ticket items we’d like to have (Teslas) and the items we need to have. Right now. The fridge conks out. The cat shreds the couch...
August 19, 2024
FlexShopper’s lease-to-own (LTO) services are now available in PayTomorrow’s flexible financing platform. This collaboration enables retail merchants to offer more consumer financing options to their customers, the companies said in a Monday (Aug. 19) press release. “Our combined strengths will empower merchants to cater to a broader customer base, from prime to nonprime consumers, fostering increased sales […]
July 28, 2024
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 Acima — owned by Upbound,...
October 05, 2023
Versatile Credit has partnered with Acima Leasing to offer merchants access to Acima’s lease-to-own (LTO) prequalification feature. This partnership will help merchants optimize their financing and leasing programs, and provide a seamless leasing...
July 19, 2023
The Consumer Financial Protection Bureau (CFPB) has sued lease-to-own finance company Snap Finance, alleging deception, consumer law violations and making false threats. The CFPB is now seeking monetary relief, an end to the...
