Customer The CFPB Settles Litigation and Enforcement Action with Lead Aggregator, Zero Parallel, Track

Customer The CFPB Settles Litigation and Enforcement Action with Lead Aggregator, Zero Parallel, Track

CFPB, Federal Agencies, State Agencies, and Attorneys General

The CFPB Settles Litigation and Enforcement Action with Lead Aggregator, Zero Parallel, and its CEO

On September 5, 2017, the CFPB joined into a permission purchase with Zero Parallel, LLC (“Zero Parallel”), an on-line lead aggregator located in Glendale, Ca. During the time that is same it presented a proposed purchase when you look at the U.S. District Court for the Central District of Ca, where it’s litigating with Zero Parallel’s CEO, Davit Gasparyan. Zero Parallel and Gasparyan decided to spend a total of $350,000 in civil cash charges to be in claims brought by the CFPB.

Into the two actions, the CFPB reported that Zero Parallel, with Gasparyan’s substantial support, aided offer loans to customers which may be void beneath the guidelines of this states when the customers lived.

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