Violation Tracker Individual Record

Company: 
Zero Parallel, LLC
Penalty: 
$110,000
Year: 
2019
Date: 
February 21, 2019
Offense Group: 
financial offenses
Primary Offense: 
payday lending violation
Secondary Offense: 
consumer protection violation
Violation Description: 

Zero Parallel agreed to pay a $110,000 penalty in settlement of allegations it acted as a broker for payday and installment loans without licenses, by operating websites that collected data from application forms and selling the applications to its lender partners.

Level of Government: 
state
Action Type: 
agency action
Agency: 
California Department of Business Oversight
Civil or Criminal Case: 
civil
Facility State: 
California
Facility City: 
Glendale
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.