September 6, 2017

The CFPB ordered Zero Parallel, LLC, an online lead aggregator, pay a $100,000 penalty for steering consumers toward lenders who offered illegal or unlicensed loans that were void in the consumer’s state. The CFPB also ordered Zero Parallel’s owner, Davit Gasparyan, to pay a $250,000 penalty for similar illegal conduct at his prior company, T3Leads, in a separate case. CFPB

Tagged in: Financial Institution Fraud,