- Messages
- 15,300
Rent-a-Center Unit Escapes CFPB Suit in Latest Pullback

Rent-a-Center Unit Escapes CFPB Suit in Latest Pullback (1)
The Consumer Financial Protection Bureau dropped its case against a Rent-a-Center Inc. unit the agency said tricked people into taking out high-cost loans, the latest in a string of cases the Trump administration has voluntarily closed.
“The Consumer Financial Protection Bureau dropped its case against a Rent-a-Center Inc. unit the agency said tricked people into taking out high-cost loans, the latest in a string of cases the Trump administration has voluntarily closed.
The CFPB’s notice of voluntary dismissal with prejudice, filed Thursday in the US District Court for the District of Utah, comes after the agency and Acima Holdings LLC had fully briefed a motion to dismiss.
Because the CFPB chose to dismiss the case with prejudice, it can’t revive its claims against Acima.
… The dismissal of the Acima case is the latest in a series of enforcement actions brought under former CFPB Director Rohit Chopra that the agency has dropped.
The CFPB on March 4 dismissed its case against JPMorgan Chase & Co., Bank of America Corp., and Wells Fargo & Co. over allegedly rushing out the Zelle peer-to-peer payments system without putting adequate fraud protections in place.
The CFPB also dropped cases in recent weeks against Capital One Financial Corp., TransUnion, a unit of Rocket Cos., and a unit of Warren Buffett’s Berkshire Hathaway Co., as well as suits against an installment lender and a student loan servicer.
Earlier in February, it filed a joint motion for dismissal with fintech lending platform SoLo Funds Inc.
The CFPB sued Acima in July claiming the company trapped people in high-cost loans on products they leased and then made it difficult to return items, which trapped them in the loans. ..”