Attorney General Brian L. Schwalb today announced that “rent to own” company Acima Digital, LLC and Acima Holdings, LLC (collectively, Acima) will provide $4 million in monetary relief and penalties and reform its business practices to resolve an investigation into the company’s high-cost lease agreements.

“The hidden markups and buried fees in Acima’s deceptive lease agreements unfairly and illegally increased the cost of household goods for thousands of DC residents. Particularly at a time when Washingtonians are struggling to make ends meet, the Office of the Attorney General is putting money back in the pockets of residents who were harmed and ensuring that future customers are treated fairly.” – AG Schwalb