Kentucky Joins Nearly $664 Million Snap Finance Settlement
Kentucky Attorney General Russell Coleman joined a nearly $664 million multi-state settlement with Snap Finance, a company accused of predatory lending practices. The settlement will cancel over $12.3 million in lease payments for Kentuckians and requires Snap Finance to change…
Bowling Green, KY, October 22, 2026 —
Kentucky Attorney General Russell Coleman joined a multi-state settlement with Snap Finance valued at nearly $664 million, according to the information provided about the agreement. The company had been accused of predatory lending practices.
Under the settlement, more than $12.3 million in lease payments will be canceled for Kentuckians. The agreement also requires Snap Finance to change its business practices. The available information does not specify which practices must change or how the requirements will be monitored.
The summary provided does not identify the other states involved, explain the allegations in detail, or give a date for the settlement. It also does not describe how many Kentucky consumers may be affected, how eligible customers will be notified, or whether any action is needed for lease payments to be canceled.
The total settlement is described as nearly $664 million, while the amount of lease payments to be canceled for Kentuckians is stated as more than $12.3 million. The information provided does not break down the total settlement among participating states or specify whether it includes other forms of relief.
No statement from Snap Finance or additional details about the settlement’s terms were included in the summary. As a result, the precise scope of the required business changes and the process for carrying out the cancellations remain unspecified in the available information.
Story summarized from the original created by WNKY Staff on www.wnky.com, see more information here.
