A bipartisan group of 13 attorneys general sued the financial company OneMain Financial on Monday, alleging the company placed additional products and other hidden costs on its loans that led to higher costs for borrowers. The lawsuit, filed in New York on Monday, says OneMain employees steered borrowers into purchasing credit insurance and other loan-related products while making false claims about whether the products were required and how they could be canceled. The attorneys general say the conduct affected tens of thousands of borrowers and violated state consumer protection laws. OneMain said the practices involved with the lawsuit were already reviewed with the Consumer Financial Protection Bureau in 2023. In that settlement, OneMain agreed to repay $10 million to consumers and pay $10 million in fines and penalties for allegedly selling add-on products to consumers. “The states’ allegations are simply untrue -- their case is wrong on the facts and wrong on the law and attempts...
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