Posts tagged March 2020
Open Markets: FTC’s Proposed Rent-to-Own Settlement Is Toothless

The FTC has proposed to settle a market allocation scheme among three leading rent-to-own operators with a "do not break the law again" order and also opted not to challenge an illegal interlocking directorate arrangement among two of them. The rent-to-own industry is a part of the fringe financial sector (think payday and title lenders, pawn shops, and check cashers) that preys on the working poor squeezed by low and volatile incomes and denied access to conventional credit.

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Open Markets Calls for Ban on Takeovers by Large Corporation and Funds for Duration of Crisis

The Open Markets Institute calls on Congress, the Trump administration, and federal and state law enforcement agencies to use their various powers to impose an immediate ban on all mergers and acquisitions by any corporation with more than $100 million in annual revenue, and by any financial institution or equity fund with more than $100 million in capitalization.

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