On July 14, 2020, Marc E. Becker notified the Board of Directors of OneMain Holdings, Inc. of his resignation as a director of the Company, and such resignation was effective as of July 16, 2020. On July 16, 2020, the Board appointed Lisa Green Hall to serve as an independent director on the Board. Ms. Hall was appointed a Class II director of the Board and her term expires at the Company's annual meeting of shareholders in 2021. Ms. Hall recently joined Apollo Global Management, LLC.
OneMain Holdings, Inc. is a financial service holding company. The Company provides personal loan products; offers credit cards; offers optional credit insurance and other; offers a customer-focused financial wellness program, and acquisitions and dispositions of assets and businesses. It provides origination, underwriting, and servicing of personal loans, primarily to nonprime customers. In addition, the Company offers two credit cards, BrightWay and BrightWay+, through a third-party bank partner. The Company offers optional credit insurance products, such as credit life insurance, which provides for payment to the lender of the finance receivable in the event of the borrowerâs death; credit disability insurance, which provides scheduled monthly loan payments to the lender during borrowerâs disability due to illness or injury, and credit involuntary unemployment insurance, which provides scheduled monthly loan payments to the lender during borrowerâs involuntary unemployment.