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.