Violation Tracker Individual Record
Company:
AIG Federal Savings Bank and Wilmington Finance Inc.
Current Parent Company:
American International Group
Penalty:
$6,100,000
Year:
2010
Date:
March 4, 2010
Offense Group:
consumer-protection-related offenses
Primary Offense:
discriminatory practices (non-employment)
Violation Description:
Two subsidiaries of American International Group Inc. agreed to pay a minimum of $6.1 million to resolve allegations that they engaged in a pattern or practice of discrimination against African American borrowers.
Level of Government:
federal
Action Type:
agency action
Agency:
Justice Department Civil Rights Division
Civil or Criminal Case:
civil
HQ Country of Parent:
USA
HQ State of Parent:
New York
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
financial services
Specific Industry of Parent:
insurance
Source Notes:
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.
