CFPB v. Tempoe LLC - Consumer Lease Settlement
What happened
Tempoe, LLC, a consumer finance leasing company, engaged in unfair and deceptive practices by failing to provide required additional disclosures to consumers whose leases were extended on a month-to-month basis for more than six months after the initial term. On September 11, 2023, the CFPB issued a consent order imposing a permanent ban on consumer leasing and a $2 million penalty.
Do you qualify?
Eligible victims are consumers who entered into lease agreements with Tempoe from January 1, 2015, to September 11, 2023, where the lease was extended on a month-to-month basis for more than six months after the initial term, and Tempoe failed to provide the required additional disclosures.
How to file
Contact JND Legal Administration, the settlement administrator, by calling 1 (877)-753-0307, emailing info@cfpb-tempoe.org, or writing to Tempoe, LLC Redress Matter, c/o JND Legal Administration, P.O. Box 91054, Seattle, WA 98111. Distribution is ongoing as of October 24, 2024.
Common questions
- How much does the CFPB v. Tempoe LLC - Consumer Lease Settlement pay?
- The total settlement fund is $192M. Actual amounts depend on how many valid claims are filed — most settlements divide a fixed fund pro rata, so a higher claim rate means a smaller individual check. An "up to" figure is a cap, not a guarantee.
- Is the CFPB v. Tempoe LLC - Consumer Lease Settlement notice real, or a scam?
- JND Legal Administration is the settlement administrator for this case. Claims are filed at consumerfinance.gov. Filing a class action claim is always free — no legitimate settlement charges you to claim, and no administrator will ask for payment, a gift card, or your full Social Security number by email or text. If a notice asks for any of those, it is not from the administrator. When in doubt, ignore the link you were sent and go to the official settlement website directly.
- How long until I get paid from the CFPB v. Tempoe LLC - Consumer Lease Settlement?
- Class action payouts typically take 12 to 24 months after the claim deadline, and longer if the settlement is appealed. The final approval hearing for this case is set for September 11, 2023; no payments can be issued before a settlement receives final approval.
- What happens if I do nothing?
- You receive no payment, and in most class actions you also give up the right to sue Tempoe, LLC separately over these same claims.
New to class actions?
This summary was generated from public settlement documents and may contain errors. Confirm eligibility, deadlines, and payment terms on the official settlement website before filing. ClaimWatch is not a law firm and this is not legal advice. Filing a claim is free.
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