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Consumer Financial Protection Bureau v. Snap Finance et al
Case Number:
2:23-cv-00462
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Government Agencies
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August 02, 2024
CFPB Claim 'Strays Too Far' In Snap Finance Suit, Judge Says
A Utah federal judge allowed Snap Finance to escape some claims brought by the Consumer Financial Protection Bureau that alleged the lease-to-own consumer finance company intentionally misled customers with "virtually every step" of its consumer experience, saying that its lease agreements cannot be considered "credit."
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October 17, 2023
CFPB Doubles Down On Credit Claims In Snap Finance Suit
The Consumer Financial Protection Bureau has urged a Utah federal court to greenlight its lawsuit against Snap Finance for allegedly unlawful business practices, pushing back on the fintech's claims that its lease-to-own agreements are not legally considered credit within the agency's power to regulate.
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July 20, 2023
CFPB Sues Snap Finance Over Financing Agreements
The U.S. Consumer Financial Protection Bureau has sued lease-to-own consumer finance company Snap Finance, accusing the company of intentionally misleading customers with "virtually every step" of its consumer experience.