Acima Digital, LLC and Acima Holdings, LLC ( together, “Acima”), wholly-owned subsidiaries of Upbound Group, Inc. (”Upbound”), have reached an agreement with the attorneys general of 43 states resolving the previously disclosed 2021 multistate investigation into rental-purchase transactions of Acima.
Under the terms of the agreement, Acima will pay $53.5 million to the 43 states, with the majority being distributed to designated customers and the remainder to the attorneys general offices. Acima will also provide $130 million in lease forgiveness on charged-off accounts of certain customers who retained leased merchandise after default.
The payment was fully reserved in Upbound’s year-end 2025 financial statements and is factored into its 2026 cash flow guidance.
By agreeing to the settlement, which does not include findings or admissions of wrongdoing, Acima resolves a longstanding matter, allowing the company to focus on serving its customers and retailers and continue growing its business. Through its Elevating the Retailer Experience initiative, Acima is continually enhancing its customers and retail partners experience to meet their dynamic needs. Acima is dedicated to serving its customers and partners with transparency, fairness and in compliance with applicable laws and is committed to providing best-in-class solutions that improve their lives.
View source version on businesswire.com: https://www.businesswire.com/news/home/20261110997623/en/
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