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04-22-2016, 11:36 AM #1
CFPB Throws Book at Payday Loan Aggregator
http://www.pymnts.com/news/security-...an-aggregator/
In a statement that accompanied the release, Richard Cordray, the CFPB’s director, stated: “T3Leads steered consumers toward bad deals with lenders it didn’t vet and with no regard for how the consumers’ information would be used. This is a reminder to the middlemen who buy and sell consumer loan applications: If you engage in this type of conduct, you risk the consequences for harming people.”
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