Rent-To-Own Operators Settle FTC Violations Over Noncompete Agreements

Mealey's (February 25, 2020, 2:08 PM EST) -- WASHINGTON, D.C. — The Federal Trade Commission announced Feb. 21 that it reached settlements with three rent-to-own operators (RTOs)over violations of federal antitrust law through the operators’ negotiation and execution of reciprocal purchase agreements that affected certain markets (In the matter of Aaron’s, Inc., No. 191-0074, In the matter of Buddy’s Newco, LLC, No. 191-0074, and In the matter of Rent-A-Center, Inc., No. 191-0074, FTC)....