{"id":20680,"date":"2026-11-13T20:30:00","date_gmt":"2026-11-14T03:30:00","guid":{"rendered":"https:\/\/gemstatepatriot.com\/blog\/?p=20680"},"modified":"2026-11-13T21:43:57","modified_gmt":"2026-11-14T04:43:57","slug":"ag-labrador-announces-183-5-million-multistate-settlement-with-rent-to-own-finance-company-acima-digital-llc","status":"publish","type":"post","link":"https:\/\/gemstatepatriot.com\/blog\/ag-labrador-announces-183-5-million-multistate-settlement-with-rent-to-own-finance-company-acima-digital-llc\/","title":{"rendered":"AG Labrador Announces $183.5 Million Multistate Settlement with Rent-to-Own Finance Company Acima Digital, LLC"},"content":{"rendered":"\n

BOISE, ID \u2014<\/strong> Attorney General Ra\u00fal Labrador today announced a $183.5 million multistate settlement with Acima Digital, LLC and its direct parent company, Acima Holdings, LLC. The settlement consists of $43 million in direct restitution for the benefit of consumers, a $10.5 million payment to the states, and lease balance reductions for consumers totaling $130 million.  Acima is a rent-to-own finance company that partners with retailers to offer financing to Idaho consumers via rental-purchase agreements. The settlement resolves allegations that Acima deceptively advertised its rental-purchase agreements, deceptively marked up the cash price of the merchandise being rented, and other deceptive acts and practices with respect to its rental-purchase agreements, debt collection, and credit reporting. <\/p>\n\n\n\n

\u201cAcima deceived their customers with misleading business practices, concealed long-term leases, and confusing cancellation terms,\u201d<\/em><\/strong> said Attorney General Labrador. \u201cThis settlement gets money directly back to the Idahoans harmed and puts Acima on a path towards compliance with our consumer protection laws.\u201d<\/strong><\/em><\/p>\n\n\n\n

Under the terms of the settlement, 748 Idaho consumers will receive direct restitution totaling $202,354 and 234 Idaho leases will be forgiven, totaling $263,901. The State of Idaho will also receive $97,706 as part of the multi-state agreement. <\/p>\n\n\n\n

The multistate coalition alleged that Acima marketed its rental-purchase agreements as 90-day pay off programs without disclosing that consumers were automatically defaulted into the maximum 12-month term whereby consumers could pay approximately two times the cash price advertised by Acima\u2019s retail partner. Acima also advertised its rental-purchase product using terms like \u201ccredit,\u201d which often misled consumers into believing that they were obtaining traditional financing. Acima\u2019s process for electronically executing rental-purchase agreements also obscured the terms of the transaction, further compounding consumer confusion. Additionally, Acima obstructed consumers\u2019 ability to terminate their rental-purchase agreements without penalty by returning their merchandise to Acima. <\/p>\n\n\n\n

Under the settlement, Acima has agreed to injunctive terms to address these practices, including:<\/p>\n\n\n\n