NewDay Financial, LLC
The Bureau took action against NewDay Financial, LLC for deceptive mortgage advertising and kickbacks. NewDay deceived consumers about a veterans’ organization’s endorsement of NewDay products and participated in a scheme to pay kickbacks for customer referrals. NewDay will pay a $2 million civil money penalty for its actions.
Related documents
Press release
CFPB Takes Action Against NewDay Financial for Deceptive Mortgage Advertising and Kickbacks