NEWSLETTERS

NEWSLETTERS - UPDATED: Consumer Rental Purchase Agreement Act dropped with record 41 original sponsors

NEWSLETTERS

UPDATED: Consumer Rental Purchase Agreement Act dropped with record 41 original co-sponsors

U.S. Rep. William Lacy Clay today introduced the Consumer Rental Purchase Agreement Act in the House of Representatives.

U.S. Congressman William Lacy Clay (D-MO) today introduced H.R. 1744, The Consumer Rental Purchase Agreement Act, on the House floor with a record 41 original co-sponsors already signed on in support of the legislation that would define the debt-free rent-to-own transaction in the federal code as a lease not a sale, and provide a slew of consumer protections.

At least 34 of the 41 original co-sponsors supported the bill last session. The additional co-sponsors have chosen to support the bill early due in large part to the cool guidance of Clay, according to APRO President "Tiger" John Cleek.

"Congressman Clay is the greatest champion the rent-to-own transaction has ever had," Cleek said. "This bill will create a number of consumer protections and provides a "floor" not a "ceiling" for regulations. If some states want to add additional restrictions they can, but this bill raises consumer protections in 33 states. As an industry, we are quite comfortable with that."

A COMPLETE list of 41 co-sponsors is as follows:

1.    SAM GRAVES  (MO-06)
2.    JO ANN EMERSON (MO-08)
3.    JEB HENSARLING (TX-05)
4.    LYNN JENKINS (KS-02)
5.    PETE SESSIONS (TX-32)
6.    GENE TAYLOR (MS -04)
7.    BLAINE LUETKEMEYER (MO-01)
8.    BRAD SHERMAN (CA-27)
9.    TIM HOLDEN (PA-17)
10.    ZACHARY SPACE (OH-18)
11.    SAM JOHNSON (TX-03)
12.    BOB GOODLATTE (VA-06)
13.    TODD AKIN (MO-02)
14.    WALTER JONES (NC-)
15.    LAMAR SMITH (TX-21)
16.    RALPH HALL (TX-04)
17.    JERRY MORAN (KS-01)
18.    TODD TIAHRT (KS-04)
19.    MIKE ROSS (AR-04)
20.    DENNIS MOORE (KS-03)
21.    RANDY NEUGEBAUER (TX-19)
22.    EDDIE BERNICE JOHNSON (TX-30)
23.    HENRY C. JOHNSON JR. (GA-04)
24.    IKE SKELTON (MO-04)
25.    KENNY MARCHANT (TX-24)
26.    DANNY K. DAVIS (IL-07)
27.    EMANUEL CLEAVER (MO-05)
28.    JOHN DUNCAN JR. (TN-02)
29.    AL GREEN (TX-09)
30.    ALCEE HASTINGS (FL-23)
31.    SUE MYRICK (NC-09)
32.    SANDFORD BISHOP (GA-02)
33.    JERRY COSTELLO (IL-12)
34.    GREGORY MEEKS (NY-06)
35.    HENRY CUELLAR (TX-28)
36.    PAUL KANJORSKI (PA-11)
37.    MIKE ROGERS (AL-03)
38.    BARON HILL (IN-09)
39.    FRED UPTON (MI-06)
40.    STEVE LATOURETTE (OH-14)
41.    SOLOMON P. ORTIZ (TX-27)

Read more about the introduction of the bill here.

APRO'S 2009 Legislative Conference

Visit APRO's grassroots advocacy toolbox here.

For more information contact Richard May at 800/204-2776 ext. 104.
 



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RTOHQ: The Magazine
RTOHQ: The Magazine is the Association of Progressive Rental Organizations' award-winning rent-to-own industry magazine, and it's available here.

CLICK HERE FOR OUR DIGITAL RTOHQ: THE MAGAZINE

 

RTOHQ: The Magazine’s upgraded digital format

APRO's new, mobile-ready magazine is now available in addition to our print edition. The digital format provides the same informative content as our printed magazine, but also offers tools to make the reading experience more enriching. Access the table of contents page with one click or tap. Get additional information from advertisers by clicking on the links in their ads. The interface is easy to navigate and requires no special app—read our magazine on your computer, digital table or smartphone. Click here to access the digital version of RTOHQ: The Magazine March-April 2012.

 

 

A New Rent-to-Own Experience

by Neil Ferguson

Here’s the lowdown on APRO’s 2012 Convention and Trade Show, July 24-26 in Memphis. The RTO industry’s big event will offer many valuable experiences, including insights on how to turn your stores into “experiences”–the good kind for consumers

 

Who Is Your Competition?

by Bill Keese

In order to expand your customer base, you can learn a lot by observing your competitors. But first, you need to figure out just who they are. If you think your only competition is the rent-to-own store down the street, you’re not considering the bigger picture. APRO’s executive director offers a big-picture perspective.

 

A Review of Online Customer Complaints

by Ed Winn III

While rent-to-own companies have not cornered the market on negative reviews posted on consumer complaint websites, it’s no surprise that there are cyberspace beefs against RTO. APRO’s general counsel reviews some of them in search of a pattern and he considers appropriate response to online complaints.

 

Rent-to-Own Families, Part VIII

by Kristen Card

Our series of family-run rent-to-own businesses continues with profiles of the Homeiers in Kansas and two Texas-based sets of kindred colleagues, the Spangles and the Weisblatts.

 

 

Future issues of APRO's magazine will be available in this same new format. Click here to access past issues that are not yet archived in the new interface.

 

Association of Progressive Rental Organizations
1504 Robin Hood Trail
Austin, Texas 78703
800/204-2776, ext. 103
Fax 512/794-0097