JONESBORO, Ark. (KAIT) – More than 9,300 Arkansans will receive $18.4 million in lease-payment forgiveness under a settlement announced Wednesday by Attorney General Tim Griffin and 17 other attorneys general.
“Arkansas consumers deserve honest information about the cost and terms of their purchases. Misleading agreements that leave consumers paying far more than they expected are unacceptable. This settlement provides meaningful financial relief to more than 9,300 Arkansans and holds Snap Finance accountable for its deceptive business practices. I will continue to fight for transparency and fairness in the marketplace,” Griffin said.
Griffin joined a coalition of 17 other attorneys general in announcing a nearly $664 million settlement with Snap Finance for its alleged deceptive business practices. Arkansans who entered into lease-to-own agreements from 2017 to 2022 will be able to keep and own their merchandise with no further payments…