AIG Subs Settle with FFETF to Resolve Biased Lending Charges
March 8, 2010
Two subsidiaries of American International Group have agreed to pay $6.1 million to the government to settle allegations of discriminatory pricing against African American borrowers. AIG Federal Savings Bank and Wilmington Finance, Inc. allegedly violated the Fair Housing Act and the Equal Credit Opportunity Act by allowing wholesale mortgage brokers to charge black borrowers...