Class-Action Lawsuit Alleges Loan Factory’s Misuse of Personal Information for Business Gain

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By Deborah Kearns

March 1, 2024

Reading Time: 2 mins read

Class-Action Lawsuit Alleges Loan Factory’s Misuse of Personal Information for Business Gain

California-based Loan Factory and its CEO Thuan Nguyen are in hot water over allegedly using competitors’ names, photos and likenesses who had no affiliation with the company to attract business, according to a new class-action lawsuit filed Thursday in a California court. This news was first reported by National Mortgage Professional.

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Deborah Kearns

Deborah Kearns is a freelance editor and writer with more than 15 years of experience covering real estate, mortgages and personal finance topics. Her work has appeared in The New York Times, Forbes Advisor, The Associated Press, MarketWatch, USA Today, MSN and HuffPost, among others. Deborah previously held editorial leadership and writing roles at NerdWallet, Bankrate, LendingTree and RE/MAX World Headquarters.