OneMain Faces Multi-State Lawsuit Over Alleged Hidden Loan Costs

Key Takeaways OneMain faces a lawsuit from 13 state attorneys general over alleged deceptive loan add-ons.OMF is accused of steering borrowers into costly products with misleading terms and hidden costs.Officials seek penalties, restitution and reforms, while OMF denies claims and plans a defense.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 cons ...