visimoney
Mariner Finance, a private equity-owned lender, has had its motion to dismiss a multistate lawsuit denied by a federal judge. The lawsuit, filed in 2022 and involving New Jersey, accuses the lender of charging borrowers for hidden add-on loan products and interest, without their permission. The lawsuit also alleges that Mariner targeted vulnerable customers and incentivized employees to attach add-ons with bonuses. Mariner Finance had asked the court to dismiss all of the 15 federal and state law claims in the lawsuit, but the judge denied the motion. The decision allows the case to move closer to trial and was praised by leaders in the New Jersey Attorney General’s office and the Division of Consumer Affairs.
