Rent-A-Center Inc., the nationwide rent-to-own company, has agreed to pay about 100,000 New Jersey customers a total of $109 million to settle a putative class action suit claiming the company violated the state’s criminal usury statute.
The company agreed to the settlement last Friday and Camden County, N.J., Superior Court Judge Ronald Freeman is expected to approve it in late May or early June, says one of the plaintiffs lawyers, Camden solo William Riback.
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