Violation Tracker Individual Record
: Paymap Inc.
: July 28, 2015
: consumer-protection-related offenses
: consumer protection violation
: mortgage abuses
: The Consumer Financial Protection Bureau took action against Paymap Inc. and LoanCare, LLC for deceiving consumers with advertisements for a mortgage payment program that promised tens of thousands of dollars in interest savings from more frequent mortgage payments. Paymap was required to return $33.4 million in fees to consumers and pay a $5 million civil penalty to the CFPB, and LoanCare will pay a $100,000 civil penalty.
Level of Government
: agency action
: Consumer Financial Protection Bureau
Civil or Criminal Case
Source of Data
: (click here)
: If an online information source is not working, check the Violation Tracker Data Sources page
for an updated link.
Current parent company note
: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log