OneMain Financial

Company OMF

Last mentioned: 3h ago

Timeline

  1. Expected Discovery

    Anticipated period for evidence gathering and internal document review.

  2. State AG Lawsuit

    Multi-state coalition files suit alleging continued use of hidden add-on products.

  3. CFPB Settlement

    OneMain ordered to pay $20M for deceptive add-on practices and refund failures.

Stories mentioning OneMain Financial 1

Regulation Neutral

OneMain Financial Faces Multi-State Lawsuit Over Hidden Loan Add-Ons

A coalition of U.S. State Attorneys General has filed a lawsuit against OneMain Financial, alleging the lender deceived customers into purchasing costly, non-essential add-on products. The legal action marks a significant escalation in regulatory scrutiny for the subprime lender following previous federal settlements.

2 sources