OneMain Holdings and TPG have extended and expanded their partnership to facilitate the purchase of consumer and auto loans, committing approximately $2.4 billion through June 2028.

Information on the Target

OneMain Holdings, Inc. (NYSE: OMF) is a prominent provider of credit solutions catering specifically to nonprime consumers. The company is dedicated to enhancing the financial well-being of hardworking Americans, offering personalized financial solutions designed to address immediate challenges while guiding clients toward a sustainable financial future. With a footprint that spans across 47 states, OneMain operates both online and through a network of 1,300 physical locations.

OneMain's commitment to responsible lending practices is demonstrated through its focus on providing access to credit for underserved segments of the population. The firm’s well-established origination platform has effectively positioned it as a reliable source of financial support, ensuring accessibility to vital financial resources for those in need.

Industry Overview in the Target’s Specific Country

The U.S. consumer finance industry has evolved significantly over the past decade, driven by increased digital transformation and changing consumer preferences. As the economic landscape fac