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CFPB Sues Berkshire-Owned Lender Over ‘Unaffordable’ Loans


The Consumer Financial Protection Bureau sued Vanderbilt Mortgage & Finance Inc. in the US District Court for the Eastern District of Tennessee, alleging that the company’s lending process “ignored clear and obvious signals that certain consumers would not be able to repay their loans on their terms. “, the complaint states.

Photo illustration by Piotr Swat/SOPA Images/LightRocket via Getty Images



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