Shumlin signs rent-to-own into law


Governor Peter Shumlin signed consumer protection legislation into law Tuesday that aims to crack down on rent-to-own enterprises targeting low- and middle-income Vermonters.
News Story (Vermont)

Vermont Press Bureau
June 10, 2015
Full story

Tags: Consumer Protection, Predatory Lending

Organizations mentioned/involved: Vermont Legal Aid (VLA)


DETAILS

He also credited the Pathways from Poverty Council and its co-chair Christopher Curtis, who brought the issue to his attention last fall and pushed for passage of the law.

“Vermonters should get a fair deal over a fast buck every time,” said Curtis, an attorney at Vermont Legal Aid. “When low-income Vermonters are lured into rent-to-own transactions they often fall behind in payments, and are left with the impossible choice of either paying the industry or paying for rent, heat, or putting food on the table. That’s really no choice at all.”