Leasing Services
Tempoe LLCInformation and Alerts
Accreditation Status
This business is not BBB accredited.
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Service Area
Alert Details
This business has 1 alert.
Government Actions
Consumer Financial Protection Bureau 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 September 11, 2023, the Consumer Financial Protection Bureau (CFPB) issued an order against Tempoe, LLC. According to the order, Tempoe customers continued to be auto-debited full month-to-month terms of the contract after making five months of payments towards the initial term unless the customer made an active selection to purchase or return property. According to the CFPB, some consumers discovered only at the conclusion of their initial term that they did not own their items and were required to pay more. The order permanently bans Tempoe from offering or providing consumer leases and requires Tempoe to release all consumers with existing lease agreements from their leases and to allow them to maintain the leased products with no further financial obligation. The order also requires Tempoe to pay a $2 million civil money penalty. Click here for details
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