Source link : https://las-vegas-news.com/nevada-ag-joins-13-state-coalition-in-lawsuit-against-onemains-deceptive-loan-add-ons/
Allegations Center on High-Pressure Sales Tactics (Image Credits: Pixabay)
Nevada – Attorneys general from Nevada and 12 other states filed a federal lawsuit on March 16, 2026, accusing subprime lender OneMain Financial of saddling borrowers with unwanted add-on products and hidden fees.[1][2] The action targets practices that allegedly extracted hundreds of millions of dollars from financially vulnerable consumers across the country.[3] Filed in Manhattan federal court, the case highlights a bipartisan effort to curb what prosecutors describe as bait-and-switch tactics in the lending industry.[4]
Allegations Center on High-Pressure Sales Tactics
Prosecutors claim OneMain employees pressured borrowers into buying expensive add-ons right before loan closings, often through rushed electronic signing processes.[4] Staff received commissions and gift cards for meeting sales targets, with instructions not to relent unless customers objected three times.[3] This approach allegedly concealed the true costs, including interest on premiums, by focusing discussions on monthly payments rather than total expenses.
The complaint details how OneMain advertised straightforward loans but buried add-ons in fine print during closings that lasted under three minutes for dozens of pages.[4] Employees controlled screens and glossed over terms, implying products were mandatory or free. In refinancings, borrowers received advertised cash payouts while new add-ons extended terms and raised…
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Author : Matthias Binder
Publish date : 2026-03-17 19:36:00
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