{"id":822914,"date":"2025-03-06T17:57:06","date_gmt":"2025-03-06T22:57:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/upbound-groups-acima-leasing-announces-cfpbs-voluntary-dismissal-of-previously-disclosed-lawsuit\/"},"modified":"2025-03-06T17:57:06","modified_gmt":"2025-03-06T22:57:06","slug":"upbound-groups-acima-leasing-announces-cfpbs-voluntary-dismissal-of-previously-disclosed-lawsuit","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/upbound-groups-acima-leasing-announces-cfpbs-voluntary-dismissal-of-previously-disclosed-lawsuit\/","title":{"rendered":"Upbound Group\u2019s Acima Leasing Announces CFPB\u2019s Voluntary Dismissal of Previously Disclosed Lawsuit"},"content":{"rendered":"

<\/p>\n

Upbound Group\u2019s Acima Leasing Announces CFPB\u2019s Voluntary Dismissal of Previously Disclosed Lawsuit<\/b><\/p>\n

Dismissal Brings Longstanding Matter and Litigation to An End<\/i><\/p>\n

PLANO, Texas–(BUSINESS WIRE<\/a>)–
\nAcima Leasing (\u201cAcima\u201d), one of the leading providers of lease-to-own solutions and a business of Upbound Group, Inc. (NASDAQ: UPBD) (\u201cUpbound\u201d or the \u201cCompany\u201d), today announced that the U.S. Consumer Financial Protection Bureau (the \u201cCFPB\u201d) has voluntarily dismissed with prejudice its lawsuit against Acima, which, as the Company previously disclosed, the CFPB filed in the United States District Court for the District of Utah in 2024 regarding certain alleged business practices. The CFPB\u2019s dismissal follows its multi-year investigation which began prior to Upbound\u2019s acquisition of Acima in 2021. Acima will not pay any money, be required to change any business practices, or be subject to any injunctive or other relief, and the dismissal with prejudice ends the CFPB\u2019s challenge to the alleged business practices that were the subject of its investigation and lawsuit. In connection with the CFPB\u2019s determination to drop its claims against Acima, Acima has agreed to dismiss the lawsuit it filed against the CFPB in the United States District Court for the Eastern District of Texas, which challenged the CFPB\u2019s authority to pursue those claims against Acima.\n<\/p>\n

\nAcima provides its customers with the opportunity to access quality brand-name products for their homes and families through flexible lease-to-own options. Acima vigorously disputed the CFPB\u2019s allegations and contended, among other things, that the CFPB\u2019s investigation and lawsuit constituted an illegal attempt to expand its authority as limited by federal law and usurp the long-standing, comprehensive state regulatory framework governing the lease-to-own industry.\n<\/p>\n

\n\u201cWe welcome and appreciate the CFPB\u2019s recognition that it was appropriate to dismiss its lawsuit and finally bring this longstanding matter to an end,\u201d said Mitchell Fadel, Chief Executive Officer of Upbound. \u201cAcima is dedicated to serving its customers with transparency, fairness and in compliance with applicable laws and to providing them with best-in-class solutions that improve their lives, and we look forward to continuing to focus on serving our customers and retailers.\u201d\n<\/p>\n

About Upbound Group, Inc.<\/b><\/p>\n

\nUpbound Group, Inc. (NASDAQ: UPBD), is a technology and data-driven leader in accessible and inclusive financial solutions that address the evolving needs and aspirations of underserved consumers. The Company\u2019s customer-facing operating units include industry-leading brands such as Acima\u00ae, Brigit\u2122, and Rent-A-Center\u00ae that facilitate consumer transactions across a wide range of store-based and digital channels, including over 2,300 company branded retail units across the United States, Mexico and Puerto Rico. Upbound Group, Inc. is headquartered in Plano, Texas. For additional information about the Company, please visit our website Upbound.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250306496028\/en\/<\/a><\/span><\/p>\n

Investor Contact
\n<\/b>
Upbound Group, Inc.
\n
Jeff Chesnut
\n
SVP, IR & Corporate Development
\n
972-801-1108
\n
jeff.chesnut@upbound.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Texas<\/p>\n

INDUSTRY KEYWORDS:<\/b> Other Retail Professional Services Online Retail Family Lifestyle Personal Finance Specialty Consumer Retail Other Professional Services Other Consumer Finance Home Goods<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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Upbound Group\u2019s Acima Leasing Announces CFPB\u2019s Voluntary Dismissal of Previously Disclosed Lawsuit Dismissal Brings Longstanding Matter and Litigation to An End PLANO, Texas–(BUSINESS WIRE)– Acima Leasing (\u201cAcima\u201d), one of the leading providers of lease-to-own solutions and a business of Upbound Group, Inc. (NASDAQ: UPBD) (\u201cUpbound\u201d or the \u201cCompany\u201d), today announced that the U.S. Consumer Financial Protection Bureau (the \u201cCFPB\u201d) has voluntarily dismissed with prejudice its lawsuit against Acima, which, as the Company previously disclosed, the CFPB filed in the United States District Court for the District of Utah in 2024 regarding certain alleged business practices. The CFPB\u2019s dismissal follows its multi-year investigation which began prior to Upbound\u2019s acquisition of Acima in 2021. Acima will not pay any money, be required … <\/p>\n

Continue reading “Upbound Group\u2019s Acima Leasing Announces CFPB\u2019s Voluntary Dismissal of Previously Disclosed Lawsuit”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-822914","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nUpbound Group\u2019s Acima Leasing Announces CFPB\u2019s Voluntary Dismissal of Previously Disclosed Lawsuit - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/upbound-groups-acima-leasing-announces-cfpbs-voluntary-dismissal-of-previously-disclosed-lawsuit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Upbound Group\u2019s Acima Leasing Announces CFPB\u2019s Voluntary Dismissal of Previously Disclosed Lawsuit - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Upbound Group\u2019s Acima Leasing Announces CFPB\u2019s Voluntary Dismissal of Previously Disclosed Lawsuit Dismissal Brings Longstanding Matter and Litigation to An End PLANO, Texas–(BUSINESS WIRE)– Acima Leasing (\u201cAcima\u201d), one of the leading providers of lease-to-own solutions and a business of Upbound Group, Inc. (NASDAQ: UPBD) (\u201cUpbound\u201d or the \u201cCompany\u201d), today announced that the U.S. Consumer Financial Protection Bureau (the \u201cCFPB\u201d) has voluntarily dismissed with prejudice its lawsuit against Acima, which, as the Company previously disclosed, the CFPB filed in the United States District Court for the District of Utah in 2024 regarding certain alleged business practices. The CFPB\u2019s dismissal follows its multi-year investigation which began prior to Upbound\u2019s acquisition of Acima in 2021. 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