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.