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Berkshire-owned lender sued by CFPB over ‘unaffordable’ loans


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The Consumer Financial Protection Bureau sued Vanderbilt Mortgage & Finance Inc. in the US District Court for the Eastern District of Tennessee, claiming that the company’s lending process “ignored clear and obvious red flags that the some consumers cannot pay their debts according to their terms,” according to the complaint.

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



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