Per the Maryland Attorney General’s Office: Maryland Attorney General Anthony G. Brown today announced a settlement with Tempoe, LLC, a specialty consumer finance company operating from Cincinnati, Ohio. The settlement resolves a multistate investigation into Tempoe’s advertising and leasing practices with consumers through retailers across the nation.
The multistate investigation—which included 41 states and the District of Columbia—revealed that Tempoe’s marketing and sales practices often misled consumers to believe they were agreeing to make a purchase through an installment plan or credit sale when, in reality, they were entering into a lease agreement, often resulting in consumers paying 2-3 times the purchase price of the product or service.