Coalition Grows to Torpedo Mariner Finance over Hidden Add-ons

Cozen O'Connor
Contact
LinkedIn
Facebook
X
Send
Embed

Cozen O'Connor

  • Pennsylvania AG Michelle Henry announced that six additional states have joined a lawsuit against lending company Mariner Finance, LLC, which was first filed by Pennsylvania and five other AGs in 2022. The bipartisan coalition of 12 AGs alleges that Mariner charged consumers for hidden add-on products without disclosing these costs and fees in violation of the Consumer Financial Protection Act of 2010 (CFPA) and state consumer protection laws.
  • In the Second Amended Complaint, the AGs allege that Mariner added products to consumer accounts without mentioning such add-ons to consumers and misrepresented the nature or cost of the add-ons, and engaged in predatory sales tactics such as issuing unsolicited “live checks” to consumers.
  • The AGs seek full restitution for all borrowers affected by unlawful practices, disgorgement of unlawfully gained profits, rescission or reformation of all contracts or loan agreements obtained through unlawful practices, and injunctive relief to stop harmful practices, among other relief.
Send Print Report

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Cozen O'Connor | Attorney Advertising

Written by:

Cozen O'Connor
Cozen O'Connor
Contact
more
less

Cozen O'Connor on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
Sign Up Log in
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide