Upbound's Acima: CFPB dismisses lawsuit with prejudice, no payment or practice changes

UPBOUND GROUP, INC.

CFPB voluntarily dismissed its 2024 lawsuit against Acima with prejudice; Acima pays nothing, no business practice changes.
Acima agreed to dismiss its own lawsuit against CFPB challenging the agency's authority.
Dismissal ends multi-year investigation that started before Upbound's 2021 acquisition of Acima.
Upbound CEO Mitchell Fadel stated company looks forward to focusing on customers and retailers.

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