News 12 Staff

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Mar 17, 2026, 5:55 AM

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Updated

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New York Attorney General Letitia James is leading a lawsuit accusing OneMain Financial of a predatory lending scheme designed to trap consumers in debt.

James says the company advertises itself as a lender that offers loans to those in need yet misleads borrowers with expensive hidden costs.

OneMain Financial is one of the largest non-bank installment lenders in the country, with over 1,300 branches across 44 states.

The suit claims tens of thousands of New York residents have been impacted by their predatory tactics.