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Bureau Sues Snap Finance for Its Financing Options to Asset Limited Consumers | Goodwin

On July 19, 2023, the Consumer Financial Protection Bureau (“CFPB”) sued Snap Finance LLC, Snap R TO LLC, Snap Second Look LLC, Snap U.S. Holdings LLC, and Snap Finance Holdings LLC.

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Pennsylvania AG Settles With Snap For $11 4 Million: The Importance Of Compliance For Consumer Finance Companies Operating In The Virtual Marketplace - Dodd-Frank, Consumer Protection Act

On May 15, Pennsylvania Attorney General Michelle Henry (AG Henry) announced an $11.4 million settlement against Snap Finance LLC and its affiliates (Snap RTO LLC, Snap Second Look LLC.

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Pa AG reaches $11 4 million settlement with lender over predatory rent-to-own practices

Snap Finance LLC enticed Pa. customers with short pay-back periods, but instead locked them into long-term, high-interest rate loans, according to the AG's office.

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Penn AG Rent to Own Case Snap Finance Settles $11 4 mil

Snap Finance 11.4 million settlement violations Pennsylvania Unfair Trade Consumer Protection Law, Rental Purchase Agreement Act, Goods Services Installment Sales Act, Fair Credit Extension Uniformity debt collection practice, Sanp Reps fraudulently sign Consumer agreements

United statesServices installment salesSecond lookPennsylvania attorney general michelle henrySnap financeSnap second lookSnap finance holdingsUnfair tradeConsumer protection lawRental purchase agreement actServices installment sales actFair credit extension uniformity actA attorney general snap finance llc settlement 11 4 milEnt to own snap finance debt settlementNap rto snap second look finance holdings

Pennsylvania AG Settles With Snap for $11 4 Million: The Importance of Compliance for Consumer Finance Companies Operating in the Virtual Marketplace

On May 15, Pennsylvania Attorney General Michelle Henry (AG Henry) announced an $11.4 million settlement against Snap Finance LLC and its…

United statesSecond lookServices installment salesPennsylvania attorney general michelle henrySnap financeSnap second lookSnap finance holdingsUnfair tradeConsumer protection lawRental purchase agreement actServices installment sales actFair credit extension uniformity actAw firmsAw updatesEgal updatesEgal developments

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