SALT LAKE CITY — Utah consumers will have more than $16.7 million in outstanding lease payments canceled as part of a $665 million multistate settlement with Snap Finance over allegations of misleading business practices involving lease-to-own agreements.
The settlement could benefit consumers throughout northern Utah, including Cache Valley, where several local businesses have been using financing services through Snap Finance.
Utah Attorney General Derek Brown announced that Utah joined 16 other states in the settlement, which cancels $16,758,262 in payments owed by Utah consumers.
Under the agreement,…