InfoBytes Blog
Georgia reaches settlement with rent-to-own company over deceptive business practices
On February 8, the Georgia attorney general announced a settlement with a rent-to-own company accused of allegedly engaging in deceptive sales and marketing practices and violating the FDCPA. While the company did not admit to the allegations, it agreed to pay $145,590 in civil money penalties, with an additional $170,910 due if the company violates any of the settlement terms. The company is also required to (i) ensure its advertising, sales, and marketing practices comply with the Georgia Fair Business Practices Act and the Georgia Lease-purchase Agreement Act; (ii) refrain from engaging in harassing and unlawful debt collection practices; and (iii) verify debts are accurate before placing them with a third-party collection agency. “Our office takes seriously allegations of deceptive business practices, and companies that take advantage of our citizens will be held accountable,” the AG stated.