Maryland Attorney General Anthony G. Brown has announced a $183.5 million multistate settlement with Acima Digital, LLC, and its parent company, Acima Holdings, LLC, over allegations of deceptive rent-to-own financing practices.
Acima partners with retailers in Maryland and other states to offer rental-purchase agreements for furniture, appliances, electronics and other merchandise.
The settlement includes $43 million in consumer restitution, $130 million in lease balance reductions and $10.5 million in payments to participating states. Eligible Maryland consumers will receive more than $1.6 million in restitution and more than $2.84 million in lease forgiveness…