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

The Consumer Financial Protection Bureau filed a lawsuit against Vanderbilt Mortgage & Finance Inc. in the U.S. District Court for the Eastern District of Tennessee, claiming that the company’s lending operation “ignored clear red flags that some consumers would not be able to repay their loans on their terms.” “, according to the complaint.

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

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