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Violation Tracker Individual Record

Company: American General Financial Services Inc.
Current Parent Company: OneMain Holdings
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Penalty: $1,200,000
Year: 2004
Date: March 30, 2004
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: The New Jersey Department of Banking and Insurance announced that American General Financial Services Inc. agreed to pay $1.2 million to hundreds of residents whom it allegedly overcharged on home equity loans.
Level of Government: state
Action Type: agency action
Agency: New Jersey Department of Banking & Insurance
Civil or Criminal Case: civil
Facility State: New Jersey
HQ Country of Current Parent: USA
HQ State of Current Parent: Indiana
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data: AmGen to Refund $1.2M in N.J., American Banker, March 30, 2004 (via Nexis).
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.