OneMain Financial provides personal loans to individuals in the United States, specifically targeting those who may not qualify for traditional bank loans due to lower credit scores. The company offers both secured loans backed by collateral and unsecured loans, generating revenue through interest, fees, and a securitization platform that sells bundled loans to investors. Unlike many competitors, OneMain maintains a large physical branch network to provide personalized service alongside its online tools. Its goal is to provide accessible financial solutions and credit resources to a broad range of borrowers while maintaining a steady stream of lending capital.
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Baltimore, Maryland
Founded
1912
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Health Insurance
Dental Insurance
Vision Insurance
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401(k) Retirement Plan
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Employee Stock Purchase Plan
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ONEMAIN FINANCIAL DATA BREACH: Edelson Lechtzin LLP launches investigation into exposure of Social Security numbers. National class action firm Edelson Lechtzin LLP is offering free case evaluations to individuals affected by the OneMain Financial data breach, which may have exposed names, addresses, and Social Security numbers. EVANSVILLE, Ind., Sept. 29, 2026 (GLOBE NEWSWIRE) - Edelson Lechtzin LLP, a national class action law firm, is investigating data privacy claims arising from the OneMain Financial Group, LLC data breach. OneMain Financial is a consumer lending company headquartered in Evansville, Indiana, operating more than 1,400 branches across 44 states. The company has begun notifying individuals whose personal information may have been exposed. Key Facts at a Glance * Company: OneMain Financial Group, LLC - a consumer lending company offering personal loans, auto loans, and related credit products through 1,400+ branches in 44 states. * When it happened: OneMain Financial first identified the breach in May 2026 and determined that personal data was accessed or acquired on May 5, 2026. * When disclosed: The breach was disclosed to state authorities beginning September 25, 2026, and OneMain began mailing notification letters on September 28, 2026. * People affected: At least 15,472 Texas residents and 1,516 South Carolina residents, with thousands of individuals affected across multiple states. * Information exposed: Names, addresses, Social Security numbers, and other account-related information. What Happened OneMain Financial discovered unauthorized activity on its systems in May 2026, stopped it, and launched an investigation with a cybersecurity and forensic firm. The investigation determined that data containing personal information was accessed or acquired on May 5, 2026. OneMain has not disclosed the type of cyberattack or the party responsible. The company reported the breach to the California, South Carolina, and Texas Attorneys General. What Information Was Exposed The compromised data may include names, addresses, Social Security numbers, and other account-related information. Because Social Security numbers and financial account details are highly sensitive, affected individuals face a lasting risk of identity theft, financial fraud, and targeted phishing. Your Legal Options Edelson Lechtzin LLP is investigating a potential class action to pursue legal remedies on behalf of individuals whose sensitive personal data may have been compromised. The firm is examining whether OneMain Financial implemented reasonable cybersecurity safeguards and whether additional measures could have prevented or reduced the breach's impact. The firm will evaluate your rights and potential claims at no cost. Recommended Protective Steps * Preserve your breach notification letter and enroll in the complimentary credit monitoring before the December 31, 2026 deadline. * Monitor your account statements and credit reports for unauthorized activity. * Consider placing a fraud alert or security freeze with Equifax, Experian, and TransUnion. * Be cautious of phishing messages referencing the breach. Contact Us for a Free Case Evaluation Speak confidentially with a data privacy attorney today: Marc Edelson, Esq., Edelson Lechtzin LLP, 411 S. State Street, Suite N-300, Newtown, PA 18940; Phone: 844-696-7492; Email: [email protected]; or click HERE to request a free consultation. About Edelson Lechtzin LLP Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. In addition to data breach litigation, the firm handles class and collective actions involving securities and investment fraud, federal antitrust violations, ERISA employee benefit plans, wage theft, and consumer fraud.
Archwell Capital taps Mike Middleman to scale investment portfolio. RADNOR, PA - Archwell Capital named mortgage industry executive Mike Middleman chief executive officer as the private investment manager moves to scale businesses employing more than 10,000 people and deploy additional capital across financial services, real estate, technology and professional sports. Middleman will oversee the expansion of Archwell Capital's existing investments and operating companies while directing new investment across mortgage, insurance, commercial real estate, professional sports and other markets in which the firm operates. The appointment is part of a broader leadership restructuring that also adds executives overseeing operations, finance, investments, strategy, artificial intelligence, legal affairs and human resources. Discover more Read Community News real estate Archwell Capital, founded in 2013, has made more than 40 current and former investments. Its wholly owned businesses serve hundreds of corporate clients globally, according to the company. Middleman joins the CEO role after a decade in senior leadership at Freedom Mortgage, where he remains vice chairman. He also co-founded Moder, an Archwell Capital business intelligence company that uses AI and operations teams to work with financial institutions, and remains its executive chairman. He has also been involved in building BrightCover, Archwell Capital's insurance business. "Archwell Capital is an investment management company built by operators," Middleman stated. "People who have been in the guts of successful businesses and know how to grow them, enabling us to provide active capital to the companies we incubate, build, and in which we invest." Middleman holds bachelor's degrees in finance and accounting from Hofstra University and an MBA from the Wharton School at the University of Pennsylvania. Archwell also named James Blanco chief operating officer and president of Archwell Reinsurance. Blanco previously was a senior managing director in Guggenheim Partners' financial services practice and an executive vice president at OneMain Financial, after earlier roles in debt capital markets and corporate finance at Barclays Bank. Raj Patel was appointed chief financial officer, overseeing financial strategy, planning and reporting. He previously led the finance function at Freedom Mortgage for several years. Discover more Compare Investment Apps Browse Home Listings Access Premium News Jordan Glick was named chief investment officer, responsible for investment strategy and oversight across Archwell's real estate, sports and early-stage investments. Matt Harbus was appointed chief strategy officer after previously serving as an executive vice president at Freedom Mortgage, where his responsibilities included origination sales and a servicing contact center covering more than $650 billion in loans. He has also overseen Archwell's technology work, including Moder's partnership with Palantir Technologies. Kristin McHale-Johnson was named chief AI officer in the Office of the CEO, working with Archwell operating companies on technology strategy and industry partnerships. Kat Rugge was appointed chief people officer, with responsibility for talent, culture and organizational design across the investment firm and its operating companies. Melissa Rubenstein was named general counsel, overseeing legal and compliance functions. She previously spent more than 20 years in private practice at a multinational law firm serving financial-services clients and later served as general counsel for a multistate construction company in a regulated industry. Archwell Capital is headquartered in Fort Lauderdale, FL, and has opened a new flagship office in Radnor, PA. Discover more Download Interactive Maps Build Investment Portfolios Download Travel Guides Support the local news that supports Chester County. MyChesCo delivers reliable, fact-based reporting and essential community resources - free for everyone. If you value that, click here to become a patron today.
Wall Street analysts have issued bearish price targets for several stocks, signalling serious concerns about their prospects. StockStory conducted independent analysis to identify buying opportunities and companies to avoid. The firm recommends avoiding Envista Holdings, a global dental products company. Its revenue grew just 3.4% annually over five years, whilst earnings per share fell 7% annually. Negative returns on capital suggest growth strategies have backfired. StockStory also advises caution on OneMain Holdings, which provides personal loans to nonprime consumers. Despite 5.5% annual revenue growth over five years, earnings per share declined 9.3% annually. The firm identifies Oscar Health, a technology-focused health insurance company founded in 2012, as a potential buying opportunity despite Wall Street's pessimism.
OneMain Finance Corporation, a subsidiary of OneMain Holdings, has entered into an underwriting agreement to issue $600 million of 7.125% senior notes due 2034. The transaction is being underwritten by Barclays Capital and BMO Capital Markets. The offering is expected to close on 20 August 2026, subject to customary conditions. Net proceeds will be used for general corporate purposes, including potential debt repurchases or repayment. OneMain Holdings operates in the consumer finance industry, providing personal loans and financial services to non-prime consumers. The underwriters and their affiliates maintain existing investment banking and financing relationships with OneMain, including participation in previous asset-backed note offerings and lending arrangements.
OneMain Financial is selling $750 million in notes through its latest securitisation, backed by non-revolving personal loans primarily secured by automobiles and other titled personal property such as boats and trailers. The transaction, OneMain Financial Issuance Trust 2062, features the smallest pool of personal loans by loan count and the shortest revolving period since April 2024, according to Kroll Bond Rating Agency. The asset-backed securities will be offered through four tranches of class A, B, C and D notes, with initial credit enhancement levels of 32.75%, 27.85%, 21.75% and 10.45% respectively. All notes have a legal final maturity date of 14 January 2038.