In 2015, the CFPB sued T3Leads, “a consumer information aggregator,” in addition to its “chief officers” Grigor and Marina Demirchyan, for allegedly failing to “properly vet lead purchasers.”

• Defendants in case 2:15-cv-9692, filed in the U.S. District Court Central District of California Western Division, included “D and D Marketing, doing business as_T3Leads,” as well as Grigor and Marina Demirchyan. [Robbie Hargett, “T3Leads sued over alleged consumer financial violations,” Legal News Line, 12/30/15]

• It was alleged in the lawsuit that T3Leads purchased “consumer information (leads) from lead generators that market payday and installment loans, then sells the leads to lenders and other lead purchasers.”_ The misconduct stemmed from the company’s failure to “vet or monitor the lead purchasers in its network to make sure they comply with applicable laws. Some of these lead purchasers and generators misrepresented themselves to consumers.”_ Victimized consumers, as a result, at risk of “having their information purchased by illegal actors.” [Robbie Hargett, “T3Leads sued over alleged consumer financial violations,” Legal News Line, 12/30/15]

• The suit sought “injunctive relief, damages, monetary relief, disgorgement, redress, penalties, and costs and fees of the suit.” [Robbie Hargett, “T3Leads sued over alleged consumer financial violations,” Legal News Line, 12/30/15]