Upbound Group Challenges CFPB’s Regulatory Authority

Upbound Group (UPBD) has issued an announcement.

Upbound Group, Inc. has announced that Acima Digital, LLC and Acima Holdings, LLC are suing the U.S. Consumer Financial Protection Bureau to challenge its authority over lease-to-own transactions. This legal action is in response to an ongoing investigation by the CFPB into Acima’s business operations. The outcome of this lawsuit could have significant implications for regulatory oversight in the financial sector.

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