Violation Tracker Individual Record
Company:
PrimeLending, A PlainsCapital Company
Current Parent Company:
Hilltop Holdings
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 Parent:
USA
HQ State of Parent:
Texas
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
financial services
Specific Industry of Parent:
banking, brokerage and insurance
Source Notes:
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.
