Leasing Firm 'Tricked' Shoppers, Ordered to Pay into Victims

Leasing Firm 'Tricked' Shoppers, Ordered to Pay into Victims Relief Fund

Shoppers at stores including Sears and Kmart were ‘kept in the dark’ about contract terms, CFPB says. The Consumer Financial Protection Bureau (CFPB) has fined consumer finance company Tempoe $36 million for "tricking" consumers into signing leasing agreements by concealing the contract terms and costs, and for failure to provide legally required disclosures.Forty-one states and the District of Columbia are also entering into a parallel multi-state settlement addressing the same conduct. Some $2

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District Of Columbia , United States , Rohit Chopra , Kmart , Sears , Consumer Financial Protection Bureau , Heights Finance Holding , Lexington Law , Cfpb , Contract Terms , Consumer Finance Company , Tempoe , Consumers ,

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