Berkshire Hathaway, CFPB

CFPB sues Berkshire Hathaway-owned mortgage lender for alleged predatory practices
The CFPB says that Vanderbilt Mortgage & Finance, owned by Berkshire Hathaway, ignored evidence that borrowers couldn't afford loans to buy manufactured homes.
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."
CFPB Sues Berkshire-Owned Lender Over ‘Unaffordable’ Loans
A lender owned by Warren Buffett’s Berkshire Hathaway Inc. knowingly issued “unaffordable” home mortgages by ignoring the insufficient income or assets of some borrowers, a top financial regulator alleged in a lawsuit Monday.
CFPB files lawsuit against Berkshire's Vanderbilt over unaffordable home loans
"Vanderbilt knowingly traps people in risky loans in order to close the deal on selling a manufactured home," said CFPB Director Rohit Chopra. The lawsuit aims to halt Vanderbilt's alleged illegal practices and provide relief for the harmed homeowners.
CFPB says unit of Warren Buffett's Berkshire Hathaway ignored red flags in manufactured home loans
The federal Consumer Financial Protection Bureau says in a lawsuit that a unit of Warren Buffett's Berkshire Hathaway “ignored clear and obvious red flags” that borrowers couldn't afford the mortgages they were given to buy manufactured homes from another Berkshire company.
Berkshire-owned lender sued by CFPB over ‘unaffordable’ loans
Vanderbilt Mortgage & Finance Inc. is accused of knowingly issuing “unaffordable” home mortgages.
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,
Part of Warren Buffett’s empire just got sued by the US government
The US government has sued a unit of Warren Buffett’s Berkshire Hathaway, accusing it of pushing borrowers into unaffordable loans—so customers would buy homes from the company’s manufactured housing business.
Mobile-Home Lender Owned by Buffett Is Sued Over Risky Mortgages
A federal consumer bureau claims Vanderbilt Mortgage, owned by Berkshire Hathaway, made loans to buyers of manufactured homes it knew could not repay them.
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.
Trump Should Remake The CFPB Into The Consumer Fraud Protection Bureau
The root of the CFPB’s ineffectiveness is that it believes regulation is the way to fix the banking industry’s problems. To ...
JD Supra7h
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 Banker14h
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 Supra4d
CFPB Issues New Rule Addressing Supervision of Nonbank Payment Providers
The Consumer Financial Protection Bureau (CFPB) has issued a new rule addressing its supervision of large nonbank companies offering US ...
American Banker3h
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 ...