US states sue Warburg-owned Mariner Finance, alleging predatory lending
NEW YORK, Aug 16 (Reuters) – A lender owned by private equity firm Warburg Pincus LLC was sued on Tuesday by several US states, and accused of charging cash-strapped borrowers hundreds of millions of dollars for “hidden” add-on products that they never agreed to buy. Mariner Finance, with more than 480 offices in 27 states, … Read more