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

Consent Order

Stipulation

Press release

CFPB Takes Action Against NewDay Financial for Deceptive Mortgage Advertising and Kickbacks