Upbound Group's (UPBD) Acima Leasing said late Thursday the US Consumer Financial Protection Bureau has dismissed a lawsuit against Acima without imposing penalties or requiring business alterations.
The company said the CFPB's decision comes after a prolonged investigation that began before it was acquired by Upbound in 2021.
As part of the resolution, Acima agreed to withdraw a separate lawsuit that challenged the CFPB's authority to pursue the case, it said.
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