On May 27, the CFPB submitted its motion to dismiss a lawsuit with prejudice filed against a lease-to-own finance company and several other entities. As previously covered by InfoBytes, the CFPB sued the lease-to-own finance company for allegations under the EFTA and its Regulation E, as well as the FCRA and its implementing Regulation V. In August 2024, the court dismissed most of the CFPB’s claims, finding the main defendant had violated the FCRA. The CFPB now dismissed all remaining claims.

Visit our resource center, CFPB Pause: Where From Here?, to stay on top of the latest and what it may mean for the federal and state regulatory and enforcement landscape.