AGs: Lender heaped insurance plans onto unwitting borrowers

The top prosecutors in a handful of states say a Maryland lender deceived customers by tacking on insurance coverage to loans, but that borrowers didn't ask for the insurance - or even know about.

Associated Press

Aug 17, 2022, 9:43 AM

Updated 709 days ago

Share:

The top prosecutors in a handful of states say a Maryland lender deceived customers by tacking on insurance coverage to loans, but that borrowers didn't ask for the insurance - or even know about.
The lawsuit alleges Mariner Finance pressured its sales force to add the additional insurance coverage.
The suit seeks restitution for consumers as well as civil penalties and the repayment of profits, among other consequences.
Mariner’s CEO disputed the suit, saying the company documentation to investigators that its products were legal and important for consumers.
The suit was filed Tuesday by the attorneys general of the District of Columbia, New Jersey, Oregon, Pennsylvania, Utah and Washington.


More from News 12
2:04
Boar’s Head deli meat recalled for potential listeria contamination

Boar’s Head deli meat recalled for potential listeria contamination

2:16
Fire at Fair Lawn strip mall destroys multiple businesses, including popular Zadies Bakery

Fire at Fair Lawn strip mall destroys multiple businesses, including popular Zadies Bakery

3:00
Beautiful weekend ahead for New Jersey with sunny skies and warm temperatures

Beautiful weekend ahead for New Jersey with sunny skies and warm temperatures

1:43
Lead found on Keyport beach not ‘urgent risk’ to public health, no need to close beach

Lead found on Keyport beach not ‘urgent risk’ to public health, no need to close beach

0:55
EPA completes Phase 1 of superfund site cleanup at Unimatic Manufacturing site in Fairfield

EPA completes Phase 1 of superfund site cleanup at Unimatic Manufacturing site in Fairfield

0:20
West New York school named for Sen. Menendez to revert to original name

West New York school named for Sen. Menendez to revert to original name

0:30
Attorney general: NJ state trooper ‘inexcusably crossed the line,’ admits to punching handcuffed woman in the face in 2022

Attorney general: NJ state trooper ‘inexcusably crossed the line,’ admits to punching handcuffed woman in the face in 2022

0:15
East Brunswick police: Bicyclist killed in Route 18 crash

East Brunswick police: Bicyclist killed in Route 18 crash

0:30
No one injured in Kenilworth house fire

No one injured in Kenilworth house fire

1:04
Attorney general releases body camera footage of fatal Hamilton police-involved shooting

Attorney general releases body camera footage of fatal Hamilton police-involved shooting

0:15
Part of Manchester’s Harry Wright Lake closed due to high levels of fecal bacteria

Part of Manchester’s Harry Wright Lake closed due to high levels of fecal bacteria

0:23
2 dead in Maine plane crash after leaving New Jersey airport

2 dead in Maine plane crash after leaving New Jersey airport

0:18
$1 million lottery ticket won from $20 scratch-off at North Wildwood Wawa

$1 million lottery ticket won from $20 scratch-off at North Wildwood Wawa

1:59
Paws & Pals: Felicity now up for adoption at Associated Humane Societies

Paws & Pals: Felicity now up for adoption at Associated Humane Societies

1:17
Gov. Murphy discusses potential Menendez replacement on ‘Ask Gov. Murphy’

Gov. Murphy discusses potential Menendez replacement on ‘Ask Gov. Murphy’

0:40
State, federal lawmakers introduce legislation to shorten funding gap for World Trade Center Health Program

State, federal lawmakers introduce legislation to shorten funding gap for World Trade Center Health Program

0:33
New Jersey now has 21 towns where starter homes cost more than $1 million

New Jersey now has 21 towns where starter homes cost more than $1 million

0:48
Jersey Proud: Dean Martin & Jerry Lewis first performed together 78 years ago in Atlantic City

Jersey Proud: Dean Martin & Jerry Lewis first performed together 78 years ago in Atlantic City

1:47
Police: 3 people hospitalized as bee swarm takes over Paramus neighborhood

Police: 3 people hospitalized as bee swarm takes over Paramus neighborhood

0:23
Prosecutor: 15-year-old charged with murder in deadly Trenton shooting

Prosecutor: 15-year-old charged with murder in deadly Trenton shooting