OneMain Faces Multi-State Lawsuit Over Alleged Hidden Loan Costs [Yahoo! Finance]
OneMain Holdings, Inc. (OMF)
Last onemain holdings, inc. earnings: 4/27 04:30 pm
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Source: Yahoo! Finance
Shares of OneMain Holdings, Inc. OMF lost 5.4% yesterday after a coalition of state attorneys general filed a lawsuit against the firm, alleging deceptive lending practices that increased borrowing costs for consumers. OMF Alleged of Deceptive Add-Ons A bipartisan group of 13 state attorneys general accused OneMain of steering borrowers toward costly add-on products, including credit insurance and membership services similar to AAA. According to the complaint, these products were often presented as necessary or beneficial, with misleading explanations regarding their cost, necessity, and cancellation terms. The lawsuit claims that, in some cases, these add-ons were included without borrowers' full knowledge, while others were rushed through the loan closing process without adequate time for review. Additionally, OneMain allegedly failed to verify whether borrowers already had similar services, further inflating loan costs unnecessarily. The attorneys general argue that these
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OMF
News
- OneMain Earnings Growth And AI Shift Reshape Secured Lending Profile [Yahoo! Finance]Yahoo! Finance
- OneMain (OMF) was given a new $55.00 price target by Evercore Inc.MarketBeat
- Personal loan company collected millions in hidden fees from customers, according to lawsuit filed by 13 states [Yahoo! Finance]Yahoo! Finance
- BofA Lowers OneMain (OMF) Target, Citing Macro Uncertainty [Yahoo! Finance]Yahoo! Finance
- Maryland, 12 other states file lawsuit against OneMain Financial [CBS News]CBS News
OMF
Earnings
- 2/5/26 - Beat
OMF
Sec Filings
- 2/27/26 - Form 4
- 2/26/26 - Form 144
- 2/24/26 - Form 4
- OMF's page on the SEC website