In a statement, Mariner's founder and Chief Executive Josh Johnson said a 'full and fair consideration' of the evidence should lead to the lawsuit's dismissal. The states pinned some blame on Warburg, which bought Mariner in 2013 and oversees more than $85 billion of assets, saying 'Mariner's unlawful behavior is motivated by the high-growth demands of its owner.' Many accusations resembled those that have bedeviled Wells Fargo & Co (WFC.N) in recent years, including that employees hit required sales quotas, receive bonuses for selling more products, and face discipline if they 'fail to upsell.' 'These kinds of predatory sales practices can lead consumers into a cycle of debt that's hard to overcome,' the office of Pennsylvania Attorney General Josh Shapiro said. also said Mariner encouraged employees to trick borrowers into refinancing loans unnecessarily, to generate higher fees and sell more add-ons. The plaintiffs - Pennsylvania, New Jersey, Oregon, Utah, Washington state and Washington, D.C.

Mariner Finance, with more than 480 offices in 27 states, was accused of engaging in 'widespread credit insurance packing,' by selling costly policies and other products without telling borrowers or even after being instructed not to. states, and accused of charging cash-strapped borrowers hundreds of millions of dollars for 'hidden' add-on products that they never agreed to buy. NEW YORK, Aug 16 (Reuters) - A lender owned by private equity firm Warburg Pincus LLC was sued on Tuesday by several U.S.

Mariner finance