Violation Tracker Individual Record

Company: 
American General Financial Services Inc.
Current Parent Company: 
OneMain Holdings
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 Parent: 
USA
HQ State of Parent: 
Indiana
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of 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.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.