Reported 1 day ago
The Consumer Financial Protection Bureau (CFPB) has sued Vanderbilt Mortgage & Finance, a subsidiary of Berkshire Hathaway, for allegedly issuing loans that borrowers could not afford, overlooking their financial situations. The CFPB claims that the lender's practices resulted in consumers being trapped in risky loans, leading to defaults and home losses. Vanderbilt denies the allegations, asserting compliance with existing regulations and calling the lawsuit politically motivated.
Source: YAHOO