The owner of an online lead aggregation company recently received his second enforcement action from the Consumer Financial Protection Bureau involving illegal steering practices.
A California-based company and its owner have been ordered to pay civil money penalties for steering practices that caused consumers to purchase loans that were void in their state and misrepresenting the quality of the loans they pointed consumers towards.
See how the bureau is handling the matter, given that it previously cited the business owner for similar conduct at a separate company he owned.