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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. The Consumer Financial Protection Bureau sued Vanderbilt …
Source: Claims Journal

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