Berkshire Hathaway, CFPB

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 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 out of their homes.
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
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."
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,
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 ...
WFLA News Channel 8 on MSN6d
CFPB sues Zelle operator and 3 banks, alleging poor fraud safeguards
The lawsuit alleges hundreds of thousands of consumers filed fraud complaints with their banks but were largely denied.
CFPB Sues Major Banks Over Zelle Fraud Response
Zelle is used by many people to quickly and conveniently send money electronically from their credit card or bank account.
JD Supra13d
Banking groups file complaint challenging CFPB’s overdraft lending rule
On December 12, several banking associations and individual financial institutions filed a complaint in the U.S. District Court of the Southern District of Mississippi against the CFPB, ...
Money & the Law: Perhaps Early Warning Services should come with a warning
Congress created the Consumer Financial Protection Bureau in 2010 in the aftermath of the Great Recession. It is a large ...
Winston-Salem Journal13d
Nation's three-largest banks sued by federal regulators over alleged Zelle-related fraud
Bank of America Corp., JPMorgan Chase & Co., and Wells Fargo & Co. — and the operator of the Zelle payment network are ...
JD Supra13d
CFPB Bites of the Month - November 2024 - CFPB Take Me Home, Country Roads
In this month's article, we share some of our top "bites" for the prior and current month covered during the November 2024 webinar.
Consumer Financial Protection Bureau sues big banks over 'widespread' fraud on Zelle app
The CFPB said the banks violated federal law through critical failures, alleging they ignored red flags that could have prevented fraud.
Regulator sues Chase, Wells Fargo, Bank of America over Zelle payment fraud
A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, claiming the banks failed to protect ...
'Zelle Became A Gold Mine For Fraudsters': Consumer Financial Protection Bureau Lawsuit (UPDATED)
Last week, the Consumer Financial Protection Bureau sued 3 of the nation's largest banks and the operator of Zelle for ...