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States Unite Against Mariner Finance in Consumer Protection Lawsuit

Attorney General Michelle Henry announced that Illinois, Indiana, New York, North Carolina, Tennessee, and Wisconsin have joined a federal lawsuit initiated by Pennsylvania against Mariner Finance for alleged widespread violations of consumer protection laws.

This litigation, which began in 2022 with Pennsylvania, the District of Columbia, New Jersey, Oregon, Utah, and Washington suing in federal court, accuses Mariner Finance of deceptive practices that have cost consumers hundreds of millions of dollars. The lawsuit follows the court’s decision to deny Mariner Finance’s motion to dismiss, allowing the case to proceed.

The complaint against Mariner Finance, owned by Warburg Pincus LLC and operating over 480 branches in 27 states, includes charges of hidden fees, aggressive sales tactics, and the solicitation of borrowers to incur more debt. The states are seeking restitution for borrowers, the return of profits gained unlawly by Mariner, contract reforms, cessation of add-on product charges, and civil penalties.

In 2019, Mariner charged $121.7 million in premiums and fees for these add-ons, not including the interest earned on these amounts. The lawsuit also highlights Mariner’s practice of mailing unsolicited “live checks” to consumers, which, when cashed, lead to further refinancing and debt under terms not in the consumer’s best interest. Pennsylvania residents affected by Mariner’s practices are encouraged to file complaints with the Bureau of Consumer Protection.

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Pamela K Coyle 1949-2024

Pam received her Master’s degree in library science from Clarion University in 1978. She never lost her love of reading or her enthusiasm for libraries.

Daily Forecast, April 21, 2024

Franklin County Forecast: In the forecast for today, we are expecting overcast clouds, with a high of 52.23°F and a low of 35.2°F. The humidity

Candie Sue Diffenderfer 1963-2024

Candie worked in the Prothonotary’s office at the Fulton County Courthouse, and later at Irving Accounting and U.S.A. Cartage in Williamsport, MD.

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