CONCORD, NH (WGME) — A coalition of 13 state attorneys general, including New Hampshire, has filed a lawsuit against national lender OneMain Financial, alleging the company charged consumers hundreds of millions of dollars in hidden fees tied to loan “add-on” products.
The lawsuit claims OneMain Financial packed installment loans with optional products such as insurance policies that consumers either did not request, did not need or did not fully understand they were purchasing.
New Hampshire Attorney General John Formella says the lawsuit aims to hold the company accountable for allegedly increasing the cost of loans for borrowers seeking financial relief.
“Our complaint alleges that OneMain marketed installment loans to Granite Staters seeking financial relief, then increased the cost of those loans through add-on products that consumers did not clearly request or knowingly…
