OneMain Holdings Agrees To Extend Refund Practices For Optional Non-Credit Insurance, Third-Party Membership Plans
Portfolio Pulse from Benzinga Newsdesk
OneMain Holdings has agreed to extend its refund practices for optional non-credit insurance and third-party membership plans, following a settlement with the Consumer Financial Protection Bureau. The company will also extend the full-refund period to 60 days for all optional products.
May 31, 2023 | 1:47 pm
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OneMain Holdings (OMF) agrees to extend refund practices for optional non-credit insurance and third-party membership plans after a settlement with the Consumer Financial Protection Bureau.
The settlement with the Consumer Financial Protection Bureau may have a neutral short-term impact on OneMain Holdings' stock price. While the extended refund practices may increase customer satisfaction, it could also lead to higher refund costs for the company. However, the overall impact is expected to be limited as the company has already been following industry-leading refund practices.
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