Leasing Services
Tempoe, LLCAbout
This business has 2 alerts
Important information
- Government Actions:Government Action: BBB reports on known government actions involving business’ marketplace conduct:Iowa Attorney General vs Tempoe LLC
The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below. On October 23rd 2023 Iowa Attorney General joined 41 other attorney generals in a case that found Tempoe deceived Americans into signing leases for goods instead of installment plans or credit sales. According to the settlement the leases had missing disclosures.
The settlement orders Tempoe to cancel all existing leases and Iowans may keep the products they leased without any further financial obligation to Tempoe, resulting in approximately $33 million nationwide. The order also permanently bans Tempoe from engaging in future leasing activities in Iowa, pay $2 million in penalties, including $1 million to the states and jurisdictions participating in this settlement and $1 million to the Consumer Financial Protection Bureau.
BBB Business Profiles may not be reproduced for sales or promotional purposes.
BBB Business Profiles are provided solely to assist you in exercising your own best judgment. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles.
When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.
BBB Business Profiles generally cover a three-year reporting period. BBB Business Profiles are subject to change at any time. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.
As a matter of policy, BBB does not endorse any product, service or business. Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation. BBB charges a fee for BBB Accreditation. This fee supports BBB's efforts to fulfill its mission of advancing marketplace trust.