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OneMain to Pay $20 Million for Deceptive Sales Practices

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 “full refund period,” and for deceiving borrowers about needing to purchase add-on products to receive a loan. OneMain will pay …

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Mailbox Fills With Loan Offers When You Have Money Troubles

A reader contacted me and said, “these have all come in the last two to three weeks. I lost my job in February and have been trying to modify my mortgage, etc. I am in no position to borrow more money for sure. It blows my mind how many calls, emails, and letters I get …

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