CFPB orders OneMain Financial to pay $20M over sales practices
Housing Wire
MAY 31, 2023
The Consumer Financial Protection Bureau (CFPB) on Wednesday announced that it has ordered mortgage lender and servicer OneMain Financial to pay $20 million in redress and penalties stemming from sales practices the Bureau has called “deceptive.” Among the allegations, the CFPB alleged that the lender “pushed employees to hit sales targets and illegally withheld refunds.
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