Its business primarily focuses on providing personal loans and optional insurance products to customers with limited access to traditional lenders, such as banks and credit card companies.

OneMain's roots stretch back to 1912 when it was founded by Alexander E. Duncan as Commercial Credit Company in Baltimore, Maryland.

In November 2010, Fortress Investment Group purchased a majority stake in American General Finance and renamed it to Springleaf Financial the following year.

[2] OneMain Financial was formed in November 2010, following Fortress Investment Group's majority purchase of American General Finance from AIG.

[12][13] Weill brought in experienced management to prop up the business to success, exiting unprofitable segments and tripling operating profits within a year.

[14] In 1912, OneMain Financial was founded by Commercial Credit Company in Baltimore, Maryland to provide working capital to manufacturers and building contractors.

[15][16] In 1920, Interstate Finance Corporation was founded in Evansville, Indiana, to underwrite sales of Inland Motor Truck vehicles.

[18] The United States Department of Justice required Springleaf to sell 127 branches and certain related assets to Lendmark Financial Services, LLC.

[21] The reason these lenders are exempt from the bill is because their interest is capped at 36 percent, however according to a Pew study the APR is understated due to the aggressive selling of add-on products.