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Rent-A-Center and RentWay may be charging improperly disclosed and excessive interest rates.
Investigation Source
- Massachusetts
Investigation Scope
Category Information
Investigation Topics
- Rent To Own Furniture And Appliances
- Excessive or Unauthorized Interest Rates
- Excessive or Unauthorized Fees
Product or Service
- Furniture Rental
Injury Type
- Monetary Loss
Investigation Details
Investigation and pending class action lawsuit against Rent-A-Center, Inc., Rent-A-Center East, Inc., and RentWay, Inc. alleging that Rent-A-Center, Inc., and RentWay, Inc. failed to provide disclosures required by the law and charged interest vastly in excess of that permitted by the statute. Furthermore the lawsuit contends Rent-A-Center violated Massachusetts' unfair trade practices law by unfairly and deceptively hiding from consumers the interest in the contracts and the violation of Massachusetts law.
Defendant Details
| Name (Stock Symbol) | Brief Description |
|---|---|
| Rent-A-Center, Inc. (RCII) | Rent-A-Center, Inc. operates 3000 retail stores where consumers can rent to own furniture and home appliances. |
| RentWay, Inc. | RentWay, Inc was acquired by Rent-A-Center and operates retail chain of rent to own furniture and home appliance stores. |