TITLE

Court refuses to hear Rent-A-Center challenge

AUTHOR(S)
Engel, Clint
PUB. DATE
January 2007
SOURCE
Furniture/Today;1/15/2007, Vol. 31 Issue 19, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the U.S. Supreme Court has refused to hear a challenge by Rent-A-Center to a New Jersey court ruling that made the company's transactions subject to the cap under the state's Retail Installment Sales Act and its Consumer Fraud Act. General counsel for the Association of Progressive Rental Organizations Ed Winn states that reversal of trial court ruling by the New Jersey Court overturns 200 years of common law usury and forces the company out of New Jersey.
ACCESSION #
23745888

 

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