WASHINGTON — The Consumer Financial Protection Bureau has fined a California-based lead aggregator and its owner hundreds of thousands of dollars for allegedly directing consumers toward illegal loans that would be void in their states.

“Zero Parallel steered consumers toward payday and installment loans that were a bad deal,” CFPB Director Richard Cordray said in a press release Wednesday. “We’re ordering Zero Parallel and its owner Davit Gasparyan to pay $350,000 and to stop these illegal abusive practices.”

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