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Violation Tracker Individual Record

Company: PrimeLending, A PlainsCapital Company
Current Parent Company: Hilltop Holdings
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $1,619,523
Year: 2016
Date: November 3, 2016
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: PrimeLending agreed to pay a $1.3 million penalty and refund customers in settlement of allegations it charged excess per diem interest on some loans. Refunds of $319,523 had already been found and repaid in a Self-Audit and was included in the terms of settlement.
Level of Government: state
Action Type: agency action
Agency: California Department of Financial Protection and Innovation
Civil or Criminal Case: civil
Facility State: California
HQ Country of Current Parent: USA
HQ State of Current Parent: Texas
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking, brokerage and insurance
Source of Data: (click here)
Source Notes: 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.