What do FTC vs Progressive leasing have in common? Quite a bit, actually. Both entities are responsible for regulating certain aspects of our economy. And now, they’re both involved in a legal battle over Progressive’s lease checks. Let’s take a closer look at what’s going on.
FTC has sued Progressive Leasing
The Federal Trade Commission has filed suit against Progressive Leasing, alleging that the company has made misleading claims about its lease-to-own program. According to the FTC, Progressive Leasing told customers that they would be able to own their leased item after making all of their payments, when in reality the company does not offer ownership options for most of its merchandise. The FTC also alleges that Progressive Leasing misled customers about the costs of their lease-to-own agreement, failing to disclosed additional fees and interest charges. If the court finds in favor of the FTC, Progressive Leasing could be required to provide refunds to affected customers and change its business practices.
Progressive Leasing misled customers
The Federal Trade Commission has accused Progressive Leasing of misleading customers into thinking they could get a cheap lease on a high-quality product. The company allegedly made false and deceptive claims about the quality of the products it leased, as well as the terms of the lease.
The FTC is seeking a court order to stop Progressive Leasing from making these false and deceptive claims, and to refund customers who were misled. This is not the first time Progressive Leasing has been accused of misleading customers. In 2015, the company agreed to pay $16 million to settle charges that it had misled customers about the terms of its leases. It looks like the company has not learned its lesson, and the FTC is taking action to protect consumers from being misled.
Customers were left with damaged or defective products and had to pay extra fees to return them
Many online shoppers have had the experience of ordering a product only to find that it was damaged or defective upon arrival. In some cases, returning the item may be as simple as contacting customer service and requesting a replacement. However, in many cases, customers are responsible for return shipping fees, and they may even be charged a restocking fee by the retailer.
As a result, customers can end up spending more money to return an item than they would have if they had purchased it in a brick-and-mortar store. In addition, the process of returning an item can be time-consuming and frustrating. For these reasons, it is important to do your research before making a purchase online. Checking reviews and reading the return policy carefully can help to ensure that you have a positive experience when shopping online.
Progressive Leasing denies all of the FTC’s allegations and plans to fight the lawsuit
Progressive Leasing, a national leasing company, has denied all of the Federal Trade Commission’s allegations and plans to fight the lawsuit. The FTC alleges that Progressive misled consumers by failing to disclose the costs and risks of its lease-to-own program, and by misrepresenting that its program was a “no credit needed” option. Progressive says that it fully disclosed the terms and conditions of its program to consumers, and that it offers a wide range of financing options that are clearly labeled and easy to understand. The company plans to vigorously defend itself against the FTC’s claims.
This case could have major implications for the lease-to-own industry as a whole
A recent court case could have major implications for the lease-to-own industry. In the case, a consumer sued a lease-to-own company, alleging that the company had failed to disclose important information about the terms of the lease. The court ruled in favor of the consumer, and ordered the company to pay damages.
This case could set a precedent that would require all lease-to-own companies to disclose all relevant information to consumers. This would make it easier for consumers to make informed decisions about whether or not to enter into a lease agreement. It could also lead to more regulation of the lease-to-own industry as a whole.