His campaign took out $1 million in loans during his Senate run in 2012.
“Today’s announcement is an acknowledgment that Cruz’s campaign deprived voters of that critical information,” Campaign Legal Center Senior Director Tara Malloy said in a statement.
Adding, “In the homestretch of a high-profile election, voters were misled about Cruz’s personal and campaign finances. This is particularly harmful given that financial issues were at issue in the campaign and could have factored into voters’ decision-making at the ballot box.”
Cruz spokeswoman Catherine Frazier said it was old news.
“As has repeatedly been reported, the loans were public at the time and fully disclosed on Senate ethics disclosures, but they weren’t reported correctly on the FEC forms,” she said.
Read the full report here.