Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In OneMain (OMF) To Contact Him Directly To Discuss Their Options If you purchased or acquired stock in OneMain and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Melissa Fortunato directly at (212) 355-4648. Click here to participate in the action. NEW YORK, March 31, 2026 (GLOBE NEWSWIRE) -- What’s Happening: Bragar Eagel & Squire, P.C., a nationally recogn ...

Core Viewpoint - The Schall Law Firm is investigating claims against OneMain Holdings, Inc. for potential violations of securities laws, following a lawsuit by state attorneys general alleging misleading practices [1][2]. Group 1: Investigation Details - The investigation centers on whether OneMain issued false or misleading statements and failed to disclose important information to investors [2]. - A lawsuit filed on March 16, 2026, by a coalition of state attorneys general claims that OneMain misled customers and imposed hidden costs on borrowers [2]. Group 2: Market Reaction - Following the news of the lawsuit, shares of OneMain fell by nearly 5.4% on the same day [2]. Group 3: Legal Representation - The Schall Law Firm offers free consultations for shareholders who may have suffered losses and specializes in securities class action lawsuits [3].

There has been a move out of large-cap growth stocks into other asset classes, and one of the major beneficiaries has been mid caps.Mid-cap stocks are generally not as expensive as large caps and are viewed as more stable than small caps, giving them a better growth profile than both, particularly as interest rates are expected to decline.So far this year, the S&P 400 mid-cap index is up about 1%, while the S&P 500 (^GSPC 1.51%) is down about 4% and the Russell 2000 is little changed (as of March 19). Anoth ...

Core Viewpoint - Pomerantz Law Firm is investigating claims against OneMain Holdings, Inc. regarding potential securities fraud and unlawful business practices following a lawsuit filed by the New York Attorney General and a coalition of other state attorneys general [2]. Group 1: Investigation Details - The investigation focuses on whether OneMain and its officers or directors have engaged in misleading practices that trap borrowers in expensive loans with hidden costs [2]. - The lawsuit was filed on March 16, 2026, by New York Attorney General Letitia James and 12 other state attorneys general [2]. Group 2: Market Reaction - Following the news of the lawsuit, OneMain's stock price decreased by $2.80 per share, representing a decline of 5.38%, closing at $49.26 per share on March 16, 2026 [3]. Group 3: Firm Background - Pomerantz LLP is recognized as a leading firm in corporate, securities, and antitrust class litigation, with a history of recovering multimillion-dollar damages for victims of securities fraud and corporate misconduct [4].

Core Viewpoint - The Law Offices of Frank R. Cruz is investigating OneMain Holdings, Inc. for potential violations of federal securities laws on behalf of investors who may have incurred losses [1] Group 1 - The investigation is initiated due to concerns regarding OneMain Holdings' compliance with federal securities regulations [1] - Investors who lost money on OneMain Holdings are encouraged to inquire about pursuing claims to recover their losses [1]

Core Viewpoint - OneMain Holdings, Inc. (OMF) shares fell by 5.4% following a lawsuit filed by a coalition of state attorneys general, alleging deceptive lending practices that increased consumer borrowing costs [1]. Group 1: Allegations and Lawsuit Details - A bipartisan group of 13 state attorneys general accused OneMain of directing borrowers towards expensive add-on products, such as credit insurance and membership services, with misleading explanations about their costs and necessity [2]. - The lawsuit claims that some add-ons were included without borrowers' full knowledge, and others were rushed through the loan closing process without adequate time for review [3]. - The attorneys general argue that these practices disproportionately impacted financially vulnerable individuals, particularly those with subprime credit scores, leading to deeper debt through hidden fees and misleading loan structures [4]. Group 2: Legal Actions and Company Response - The coalition is seeking consumer restitution, financial penalties, and the disgorgement of alleged unlawful profits, along with a court order to prevent the continuation of these practices and to correct negative credit reporting related to the disputed products [5]. - OneMain has denied the allegations, labeling the lawsuit as meritless and stating its intention to defend itself vigorously in court [6]. - The company highlighted that similar issues were previously addressed in a 2023 settlement with the Consumer Financial Protection Bureau, where it paid $20 million in redress and penalties for alleged deceptive sales practices [6]. Group 3: Market Performance - Over the past three months, OneMain's shares have declined by 28%, compared to a 23.5% decline in the industry [7].

Core Viewpoint - Thirteen state attorneys general have filed a lawsuit against OneMain Financial, alleging that the company misled subprime customers into adding costly credit insurance products and other high-interest offerings to their loans without proper disclosure of the financial implications [1][2]. Group 1: Allegations and Legal Context - The lawsuit claims that OneMain's practices violate state and federal laws regarding illegal, fraudulent, deceptive, unfair, and abusive conduct, as well as false advertising [2]. - New York Attorney General Letitia James stated that OneMain targets financially struggling individuals, burdening them with hidden fees and misleading loans that exacerbate their debt situation [2]. - The complaint filed in the U.S. District Court for the Southern District of New York asserts that OneMain's unlawful add-on and refinancing practices leave customers in a worse financial position than expected [3]. Group 2: Company Response - OneMain has refuted the allegations, claiming they are "simply untrue" and that the lawsuit attempts to relitigate issues previously reviewed and resolved by the Consumer Financial Protection Bureau (CFPB) [3][6]. - The company maintains that it operates honestly and transparently, fully compliant with all laws and regulations, and emphasizes its commitment to providing responsible access to credit [6]. Group 3: Regulatory Actions - In 2023, the CFPB ordered OneMain to pay $20 million, which included $10 million in refunds for interest charged to 25,000 customers related to add-on products [4]. - Prior to the CFPB penalty, New York's Department of Financial Services fined OneMain $4.25 million for failing to manage third-party risk effectively, which increased vulnerability to cyberattacks [5]. Group 4: Sales Practices - The state AGs allege that OneMain incentivizes its loan closers, branch managers, and district managers with commissions and gift cards for each additional noncredit product sold to customers, including credit insurance and various membership plans [6].

Core Viewpoint - OneMain Financial is facing a lawsuit from thirteen state attorneys general, alleging deceptive practices related to loan products and hidden fees [2][3][8] Group 1: Lawsuit Details - The lawsuit claims that OneMain Financial misleads borrowers into adding expensive and often unnecessary products, such as insurance, to their loans without proper disclosure [2][8] - The plaintiffs include attorneys general from thirteen states, including New York, Colorado, and Maryland, among others [7] - The lawsuit alleges violations of state and federal consumer protection laws, seeking restitution, penalties, and a court order to stop the alleged practices [8] Group 2: Company Response - OneMain Financial has stated that the lawsuit is meritless and plans to vigorously defend itself in court, asserting that the allegations are untrue [8][9] - The company claims to operate transparently and in compliance with all laws, providing necessary access to credit for consumers [9] - In May 2023, OneMain reached a settlement with the Consumer Financial Protection Bureau (CFPB), paying $20 million to resolve previous allegations of deceptive sales practices [9][10]

Core Viewpoint - BofA has lowered its price target for OneMain Holdings, Inc. to $66 from $74, while maintaining a Buy rating, due to macroeconomic uncertainties and lower market multiples [1]. Group 1: Financial Performance - OneMain reported a full-year earnings per share of $6.66, reflecting a 36% increase from the previous year [2]. - The company generated $913 million in capital, which is a 33% year-over-year increase [2]. - Receivables grew by 6% to over $26 billion, and revenue increased by 9% [2]. Group 2: Strategic Initiatives - The strong performance was attributed to targeted initiatives in personal loans, auto finance, and credit cards [3]. - OneMain expanded its debt consolidation offerings and introduced new data-driven tools to enhance credit decision-making [3]. - The company launched a streamlined renewal product and a new secured lending product aimed at homeowners, along with an AI-powered tool to improve productivity [3]. - OneMain also expanded its partnership with Ally Financial through the Clearpass program, which now includes around 1,700 participating dealers [3]. Group 3: Company Overview - OneMain Holdings, Inc. is a financial services holding company that provides personal loan products, auto financing, credit cards, and a customer-focused financial wellness program [4].

Core Viewpoint - OneMain Holdings is under investigation for potential violations of federal securities laws following a lawsuit filed by New York Attorney General Letitia James and a coalition of 12 other AGs, alleging misleading practices and hidden costs in loans [2]. Group 1: Legal Actions - A lawsuit has been filed against OneMain and its units for allegedly misleading customers and trapping borrowers in expensive loans with hidden costs [2]. - The investigation is being conducted by Lowey Dannenberg P.C., a law firm specializing in obtaining redress for consumers and investors [1]. Group 2: Market Reaction - Following the news of the lawsuit, shares of OneMain fell as much as 12% [2]. Group 3: Firm Background - Lowey Dannenberg is a national firm that represents institutional and individual investors who have suffered financial losses due to corporate fraud and violations of federal securities and antitrust laws [4]. - The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors [4].