AG ANNOUNCES $183.5 MILLION SETTLEMENT
ATTORNEY GENERAL TONG ANNOUNCES $183.5 MILLION MULTISTATE SETTLEMENT WITH RENT-TO-OWN COMPANY ACIMA DIGITAL (Hartford, CT) — Attorney General William Tong today announced a $183.5 million multistate settlement with Acima Digital, LLC and its parent company, Acima Holdings, LLC, resolving allegations that the rent-to-own finance company misled consumers about its agreements and deceptively marked up prices. The settlement consists of $43 million in consumer restitution, $130 million in lease balance reductions, and a $10.5 million payment to the states. Connecticut consumers will receive $2,441,257 in lease forgiveness, in addition to the $246,090.70 payment to the state. Consumers who are eligible to obtain restitution or lease forgiveness pursuant to this settlement do not need to take any action. Consumers eligible to receive…