CFPB Alleges OneMain Pushed Employees To Hit Sales Targets, Illegally Withheld Refunds
Portfolio Pulse from Benzinga Newsdesk
The Consumer Financial Protection Bureau (CFPB) has accused OneMain Financial (OMF) of pushing employees to hit sales targets and illegally withholding refunds. The CFPB is seeking penalties and restitution for affected customers.
May 31, 2023 | 12:56 pm
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OneMain Financial (OMF) faces allegations from the CFPB of pushing employees to hit sales targets and illegally withholding refunds, which may result in penalties and restitution.
The CFPB's allegations against OneMain Financial (OMF) are serious and may result in penalties and restitution for affected customers. This negative news could impact the company's reputation and stock price in the short term, as investors may perceive increased regulatory risk.
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