Sprinleaf has been given permission to buy OneMain from parent company Citigroup, provided it sells 127 of its own branches.
The new company would be left with more than 1,800 branches nationwide.
Both comapnies provide personal loans of under $6,000, which have a set number of scheduled payments lasting between a few months and a few years.
Springleaf announced its plan to buy OneMain for $4.25 billion in March.
The deal hit a snag when US authorities claimed the tie-up could make it harder for people with poor personal financial ratings living in 11 states to access lines of credit.
The agreement reached on November 13 with the Department of Justice and state regulators ends an anti-trust lawsuit.
Springleaf shares rose 11.95% on the news.
Image source: Wikimedia Commons President-elect Donald Trump celebrated his election victory at the Ultimate Fighting…
Millions of voters across the US chose to return Donald Trump to the White House…
Donald Trump declares victory in the US election as he addresses jubilant supporters in Florida.…
Stocks around the world are rising as Donald Trump appears to be on the cusp…
Donald Trump has won Pennsylvania, North Carolina and Georgia and taken a lead over Kamala…
Quincy Jones, the celebrated musician and producer who worked with Michael Jackson, Frank Sinatra, Ray…