NYDFS

New York sues rent-to-own operator Vision Property Management for predatory lending

The New York Department of Financial Services and New York Attorney General Letitia James announced recently that the state is suing Vision Property Management, one of the nation’s largest operators of rent-to-own homes, and the company’s CEO, Alex Szkaradek, for allegedly operating an “illegal, unlicensed mortgage-lending business profiting from predatory subprime home loans at the expense of some of the most vulnerable New Yorkers.”