Mariner finance logo10/23/2023 The states' allegations are based on minimal consumer interviews, the details of which were never shared with Mariner, and reflect a misunderstanding of the law, or simply a decision to ignore any evidence which negates their claims. Over the course of nearly four years, Mariner has cooperated with the investigation and provided data, documents and testimony that clearly demonstrates the legality of its products and the vital support they provide to consumers. Mariner has been and continues to be committed to compliance with all state and federal regulations, holding itself to a high standard of customer care. Mariner Finance has continuously disputed the claims that the small multi-state coalition has alleged and will continue to defend itself as an important provider of credit options to those who may have limited access to other sources of consumer credit. Mariner Finance, LLC has provided the following statement in response to the lawsuit: Mariner to stop charging consumers for add-on products and ceaseīorrowers who believe they have been deceived by Mariner's practices should file a complaint with the Bureau of Consumer Protection either online, by phone at 1-80, or by email note that this matter is pending. Rescission or reformation of all contracts or loan agreementsīetween Mariner and consumers affected by the company's Repayment by Mariner of any unlawfully gained profits Full restitution to all borrowers affected by Mariner's unlawful The multi-state lawsuit asks the court to order: The lawsuit also alleges that Mariner Finance engaged in illegal, aggressive sales tactics to extend credit to new borrowers. Mariner Finance claims the products were required in order to obtain a loan. Mariner reportedly charged Pennsylvanians $19.5 million for these add-ons from 2015 to 2018 and charged another $8 million in interest over the same period. The suit alleges that Mariner Finance charged consumers for hidden add-on products that consumers either didn't know about or didn't agree to buy. Action On, Pennsylvania Attorney General Josh Shapiro announced today that he leading a multi-state lawsuit against Mariner Finance, LLC for allegedly widespread violations of consumer protection laws. Government Action: BBB reports on known government actions involving business’ marketplace conduct: Gov.
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