litigation
confidence high
sentiment negative
materiality 0.55
PA AG sues PROG Holdings' Progressive Leasing; company vows defense citing new law
PROG Holdings, Inc.
- Pennsylvania Attorney General filed lawsuit against Progressive Leasing regarding its lease-to-own practices.
- PROG Holdings says it will vigorously defend the business in court.
- House Bill 2709, effective Sept 9, 2022, ratifies electronic disclosures used by Progressive Leasing, per the company.
- No specific financial exposure or settlement amount was disclosed in the filing.