CFPB and Arkansas Attorney General Enter Into a Settlement Agreement with a Home-Alarm Company to Resolve FCRA Allegations

The CFPB and the Arkansas Attorney General announced that they filed a proposed stipulated judgment and order settling their Fair Credit Reporting Act (FCRA) and Consumer Financial Protection Act of 2010 (CFPA) claims against Alder Holdings, LLC, a home-alarm company that extends closed-end credit to its customers by providing them the right to defer payment for Alder’s alarm and security-system equipment over the life of a long-term contract....
By: Ballard Spahr LLP

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