May 27, 2025
The Consumer Financial Protection Bureau on Tuesday permanently dropped its Utah federal lawsuit against Snap Finance, a lease-to-own fintech, adding to the list of Biden-era enforcement actions that the agency has walked away from under Trump-appointed leadership.
August 02, 2024
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."
October 17, 2023
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.
July 20, 2023
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.