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Florida Attorney General sues Marlin Financial over loan techniques. Borrowers discovered insurance that is such either impossible or virtually impractical to purchase,

Florida Attorney General sues Marlin Financial over loan techniques. Borrowers discovered insurance that is such either impossible or virtually impractical to purchase,

Florida Attorney General Pam Bondi’s workplace is suing online automobile loan provider Marlin Financial for just what it says are unfair and misleading trade methods.

The state’s appropriate arm alleged that an add-on the lender said ended up being optional “was in reality a mandatory feature of loans designed to customers. in a civil lawsuit filed in Hillsborough County in late November” That add-on, referred to as a “debt cancellation item,” had been marketed to clients as an insurance-like item that would wipe a customer out’s remaining financial obligation if their vehicle had been totaled. Rather it significantly increased the price of the loans.

Marlin’s financial obligation termination item had been the main focus of a Tampa Bay Times investigation into the company september.