Kessler Topaz is investigating claims against Mariner Finance, LLC (“Mariner Finance”) related to purported predatory sub-prime lending tactics.
Specifically Kessler Topaz is investigating reports that Mariner Finance engaged in “widespread credit insurance packing”, by enrolling its customers in credit insurance products without the customers’ knowledge or consent. In doing so, Mariner Finance significantly increased the cost of customer loans and created undue financial burden on Mariner Finance’s customers.
Mariner Finance is a lending company based in Maryland with over 480 branches in 27 states. On September 6, 2022, the Attorney General of the State of Pennsylvania filed a complaint against Mariner Finance charging the company with widespread violations of multiple consumer protection laws. 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. Because of these hidden add-on products, Mariner Finance added hundreds to thousands of dollars to the total amount a consumer owed, charging Pennsylvanians $19.5 million for add-ons from 2015 to 2018 and another $8 million in interest for these premiums in the same period.
Contact us today if you (or someone you know) took out a loan with Mariner Finance. You can fill out our online form below, call us at 888-299-7706 or email us at info@ktmc.com.