Resource: United States v. AIG Federal Savings Bank and Wilmington Finance, Inc. (D. Del.)

By: Department of Justice

March 22, 2010

Department of Justice

On March 22, 2010, the court entered a consent order resolving United States v. AIG Federal Savings Bank and Wilmington Finance, Inc. (D. Del.), two subsidiaries of American International Group, Inc. The complaint, which was filed simultaneously with the consent order on March 4, 2010, alleged that the two violated the Fair Housing Act and the Equal Credit Opportunity Act when they charged higher fees on wholesale loans to African American borrowers nationwide on thousands of loans from July 2003 until May 2006, a period of time before the federal government obtained an ownership interest in American International Group Inc.

https://www.justice.gov/crt/housing-cases-summary-page#aig