Back to today’s briefing

Story perspectives

13 States Sue OneMain Financial Over Hidden Loan Fees

3/17/2026

47 4 Full Breakdown

Summary

Story summary

A coalition of 13 state attorneys general, including New Hampshire Attorney General John Formella, filed a lawsuit against OneMain Financial alleging hidden fees via unwanted loan add-ons.
The complaint describes a "bait-and-switch" tactic with add-ons hidden in lengthy documents.
The lawsuit seeks consumer restitution, civil penalties, and a ban on the disputed practices if successful.
OneMain Financial plans to contest the allegations in court.

History

Historical Context

The Consumer Financial Protection Bureau (CFPB) was established in 2010 under the Dodd-Frank Act to protect consumers from predatory lending practices following the 2008 financial crisis. Since then, it has returned over $21 billion to consumers. The recent lawsuit by 13 state attorneys general, including New Hampshire's John Formella, aims to address deceptive lending practices, echoing past efforts to combat financial misconduct.

1 of 2

Story summary

A coalition of 13 state attorneys general, including New Hampshire Attorney General John Formella, filed a lawsuit against OneMain Financial alleging hidden fees via unwanted loan add-ons.
The complaint describes a "bait-and-switch" tactic with add-ons hidden in lengthy documents.
The lawsuit seeks consumer restitution, civil penalties, and a ban on the disputed practices if successful.
OneMain Financial plans to contest the allegations in court.

1 / 2