Berkshire Hathaway, CFPB

Unit of Warren Buffett's Berkshire Hathaway Sued by CFPB Over Home Loans
The Consumer Financial Protection Bureau (CFPB) said that Vanderbilt Mortgage & Finance trapped "people in risky loans."
Berkshire-owned lender sued by CFPB over ‘unaffordable’ loans
Vanderbilt Mortgage & Finance Inc. is accused of knowingly issuing “unaffordable” home mortgages.
CFPB Alleges Berkshire Hathaway Subsidiary Originated Unaffordable Housing Loans
Vanderbilt’s internal model for underwriting loans provided borrowers unrealistic expectations of monthly living expenses, the Consumer Financial Protect Bureau alleged in the complaint.
Berkshire unit is sued by US CFPB over risky home loans
The U.S. Consumer Financial Protection Bureau sued a unit of Warren Buffett's Berkshire Hathaway on Monday, accusing it of pushing borrowers into unaffordable loans to buy homes from Clayton Homes, Berkshire's manufactured housing business.
CFPB says unit of Warren Buffett’s Berkshire Hathaway ignored red flags in manufactured home loans
The federal Consumer Financial Protection Bureau said in a lawsuit that a unit of Warren Buffett's Berkshire Hathaway ignored red flags that borrowers couldn't afford the mortgages they were given to buy manufactured homes from another Berkshire company.
CFPB sues Vanderbilt, a Berkshire Hathaway lender, over risky home loans
The consumer watchdog filed a lawsuit in Tennessee against Vanderbilt for purported violations of the Truth in Lending Act and Regulation Z.
CFPB Sues Vanderbilt for Pushing Borrowers Into Unaffordable Loans
Maryville, Tenn.-based Vanderbilt is a unit of Clayton Homes, a subsidiary of Berkshire Hathaway and one of the largest manufactured-housing companies in the U.S. Neither Vanderbilt nor Berkshire Hathaway immediately responded to a request for comment.
US regulator sues Berkshire-owned lender for making risky home loans, missing red flags
The U.S. Consumer Financial Protection Bureau sued a lender owned by Warren Buffett's Berkshire Hathaway on Monday, accusing it of pushing borrowers into unaffordable mortgages to buy homes from Clayton Homes,
Berkshire Hathaway mortgage unit led mobile home buyers needlessly into foreclosure, CFPB says
A Berkshire Hathaway unit that is a major lender to people buying mobile homes intentionally failed to qualify borrowers, the Consumer Financial Protection Bureau alleged in a complaint. As a result,
CFPB sues Berkshire Hathaway company Vanderbilt Mortgage
The manufactured home loan lender, a unit of Berkshire Hathaway subsidiary Clayton Homes, was accused of ignoring red flags that sent many borrowers into bankruptcy, default and ultimately out of their homes.
American Banker7h
Recent CFPB rules face repeal with no return under Trump
The Consumer Financial Protection Bureau's last-minute actions are expected to annoy the incoming Trump administration, which ...
CFPB Clarifies Employers’ Obligations When Using Background Dossiers and Algorithmic Scores in Employment Decisions
It’s long been an open secret that employers often review the consumer reports of job candidates when conducting background ...
JD Supra4h
Predicting The Lasting Changes CFPB May Face In 2025
With President-elect Donald Trump’s election victory and upcoming inauguration, big changes appear likely for the Consumer Financial Protection ...
American Banker1h
CashCall ordered to pay $134 million in a win for the CFPB
An appeals court ruled that online lender CashCall had waived its right to a jury trial and that its other challenges "lack merit," in a lawsuit filed by the Consumer Financial Protection Bureau in ...
Berkshire-owned lender sued by CFPB over ‘unaffordable’ home loans
Vanderbilt relied on unrealistic expectations of what borrowers would need financially after making their mortgage payment, ...