Upbound Business Acima Leasing Files Lawsuit Against US Consumer Financial Protection Bureau In District Court For The Eastern District Of Texas
Portfolio Pulse from Benzinga Newsdesk
Upbound Business Acima Leasing has filed a lawsuit against the US Consumer Financial Protection Bureau (CFPB) in the District Court for the Eastern District of Texas. Acima aims to stop what it claims is the CFPB's illegal attempt to expand its authority beyond federal law and override state regulations governing the lease-to-own industry.
July 22, 2024 | 10:02 pm
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Upbound Business Acima Leasing has initiated legal action against the CFPB, challenging its authority over the lease-to-own industry. This lawsuit could have significant regulatory implications for the company.
The lawsuit directly involves Upbound Business Acima Leasing and challenges the regulatory authority of the CFPB. The outcome could have significant implications for the company's operations and regulatory environment, but the immediate short-term impact on the stock price is uncertain.
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