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.
Name (Stock Symbol)
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 was acquired by Rent-A-Center and operates retail chain of rent to own furniture and home appliance stores.
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