Bloomberg Law
May 25, 2023, 3:16 PM

New York Fines OneMain $4.25 Million for Exposing Customer Data

Evan Weinberger
Evan Weinberger

OneMain Financial Group LLC agreed to a $4.25 million settlement with New York regulators for failing to have sufficient cybersecurity protocols in place.

The New York Department of Financial Services said Thursday that OneMain, a lender focusing on nonprime consumers, violated the state’s rigorous cybersecurity regulations, resulting in third-party vendors and the company itself exposing consumers’ personal financial information.

“We are pleased to have resolved this historical matter relating primarily to a past examination of our policies from 2017 to early 2020, which the company has long since addressed,” Evansville, Ind.-based OneMain said in a statement.

Among the violations listed ...

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