CFPB Orders Installment Lender OneMain to Pay $20 Million for Deceptive Sales Practices
June 01, 2023
June 01, 2023
WASHINGTON, June 1 -- The Consumer Financial Protection Bureau issued the following news release on May 31, 2023:
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Lender pushed employees to hit sales targets and illegally withheld refunds
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The Consumer Financial Protection Bureau (CFPB) has ordered installment lender OneMain Financial to pay $20 million in redress and penalties for failing to refund interest charged to 25,000 customers who cancelled purchases within a purported &qu . . .
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Lender pushed employees to hit sales targets and illegally withheld refunds
* * *
The Consumer Financial Protection Bureau (CFPB) has ordered installment lender OneMain Financial to pay $20 million in redress and penalties for failing to refund interest charged to 25,000 customers who cancelled purchases within a purported &qu . . .