What Happened to The Lampo Group, LLC, doing business as Ramsey Solutions?

Ramsey Solutions, originally established as The Lampo Group by Dave Ramsey and his wife Sharon in 1991, emerged from Ramsey's personal experience with bankruptcy. The company's mission is to provide biblically-based, commonsense financial education, initially through one-on-one counseling and the self-published book 'Financial Peace' in 1992. Its flagship product, Financial Peace University (FPU), launched in 1994, became a cornerstone of its educational offerings, guiding millions through a 'Baby Steps' system for debt elimination and wealth building. The company officially rebranded as Ramsey Solutions in 2014, expanding its reach through 'The Ramsey Show' radio program, podcasts, books, and live events.

Over the years, Ramsey Solutions has diversified its product portfolio to include the EveryDollar budgeting app, EntreLeadership for business leaders, and financial literacy curricula for schools. The company has grown significantly, impacting millions of families and establishing itself as a household name in personal finance. However, this growth has not been without controversy. Ramsey Solutions has faced several lawsuits, particularly concerning its workplace culture and employee conduct policies, which are rooted in Christian values.

Key turning points include lawsuits filed by former employees alleging religious discrimination. In 2020, Caitlin O'Connor sued, claiming she was fired for being pregnant and unmarried, with a federal judge allowing her case to proceed in June 2025. Another former employee, Brad Amos, filed a lawsuit in December 2021, alleging he was fired for taking COVID-19 precautions that conflicted with company policies, a case that the U.S. Court of Appeals for the 6th Circuit allowed to move forward in August 2024. These cases highlight ongoing scrutiny of the company's 'righteous living' policy.

Furthermore, Ramsey Solutions is a defendant in a $150 million class-action lawsuit filed in April 2023 by listeners who allege they were defrauded by a timeshare exit company, Timeshare Exit Team, which Ramsey had promoted extensively. The lawsuit claims Ramsey received over $30 million for these endorsements, and a U.S. district judge allowed the case to proceed in December 2023. In January 2026, a separate $1.09 million class-action settlement received preliminary approval, resolving claims that Ramsey Solutions sent unsolicited marketing texts.

As of August 2026, Ramsey Solutions continues its operations with a focus on digital innovation. In January 2026, the EveryDollar budgeting app underwent a major relaunch, introducing new features like a 'Margin Finder' tool, personalized financial plans, and live group coaching, aiming to facilitate $20 billion in financial transformation by 2030. Daniel Ramsey, Dave Ramsey's son, was named president in December 2023, signaling a leadership transition. The company regularly publishes economic outlooks and financial advice, maintaining its public presence through 'The Ramsey Show' and various media platforms.