October 13, 2014

California Attorney General Kamala D. Harris announced a $28.4M settlement with Aaron’s, Inc., the second largest rent-to-own business in the nation, to resolve allegations the company violated California consumer protection and privacy laws by charging improper late fees, overcharging customers who paid off contracts early, and omitting important contract disclosures. The settlement requires Aaron’s to refund $25M to California customers who signed lease agreements between April 1, 2010 and March 31, 2014 and to pay $3.4M in civil penalties and fees. Approximately 100,000 California customers will be eligible for restitution. CAAG