23 Feb The CFPB Settles Litigation and Enforcement Action with Lead Aggregator, Zero Parallel, and its CEO
the CFPB joined as a consent purchase with Zero Parallel, LLC (вЂњZero ParallelвЂќ), an online lead aggregator located in Glendale, Ca. During the same time, it submitted a proposed purchase within the U.S. District Court when it comes to Central District of Ca, where it's litigating with Zero ParallelвЂ™s CEO, Davit Gasparyan. Zero Parallel and Gasparyan consented to spend an overall total of $350,000 in civil cash charges to settle claims brought because of the CFPB.
When you look at the two actions, the CFPB reported that Zero Parallel, with GasparyanвЂ™s significant assistance, aided offer loans to consumers which will be void beneath the legislation for the states where the customers lived.