CFPB v. Acima Holdings, LLC

Acima Holdings, LLC and Acima Digital, LLC, and Aaron Allred, allegedly, Acima’s leases were credit, and that Acima and Allred violated the Consumer Financial Protection Act of 2010 (CFPA), that Allred substantially assisted Acima’s alleged violations of the CFPA, that Acima violated the Fair Credit Reporting Act (FCRA) and its implementing Regulation V, that Acima violated the Truth in Lending Act and its implementing Regulation Z, and that Acima violated the Electronic Fund Transfer Act and its implementing Regulation E. The Bureau also alleged in the alternative that, if Acima did not extend credit to consumers, Acima and Allred violated the CFPA and FCRA, according to CFPB.

Summary generated from official Consumer Financial Protection Bureau press release