The U.S. Consumer Financial Protection Bureau said Monday that it is suing a Tennessee-based mortgage lender owned by Berkshire Hathaway, accusing the company of predatory practices aimed at steering borrowers into manufactured homes they could not afford.

Vanderbilt relied on unrealistic expectations of what borrowers would need financially after making their mortgage payment, according to the complaint.

The consumer watchdog filed a lawsuit in Tennessee against Vanderbilt for purported violations of the Truth in Lending Act and Regulation Z.

Warren Buffett, Chairman and CEO of Berkshire Hathaway, speaks during a game of bridge after ... Both Vanderbilt and Clayton are based in Tennessee. “For 50 years, Vanderbilt Mortgage has increased homeownership in the U.S. The CFPB’s lawsuit is ...

Both Vanderbilt and Clayton are based in Tennessee. This recent legal action revisits ... prioritized closing deals over ensuring borrowers’ financial stability. Berkshire Hathaway, headquartered in Omaha, Nebraska, owns a wide range of companies ...

Vanderbilt’s internal model for underwriting loans provided borrowers unrealistic expectations of monthly living expenses, the Consumer Financial Protect Bureau alleged in the complaint.

The Consumer Financial Protection Bureau filed a lawsuit against Vanderbilt Mortgage & Finance on Monday, alleging the Warren Buffett's Berkshire Hathaway Inc. subsidiary systematically approved unaffordable manufactured home loans that set borrowers up for failure.

A Reuters analysis shows that Berkshire coal plants emit more nitrogen oxide gases than any other coal-fired fleet in the country. Despite big investments in renewable energy, the company has resisted efforts by regulators to make coal plants cleaner.

The Consumer Financial Protection Bureau accused Tennessee-based Vanderbilt Mortgage & Finance of ignoring red flags in mortgage applications.

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.

Representatives for Berkshire Hathaway, based in Omaha, Nebraska, and Maryville, Tennessee-based Vanderbilt didn’t immediately respond to requests for comment on the lawsuit. Vanderbilt is a ...

The U.S. Consumer Financial Protection Bureau (CFPB) has sued Vanderbilt Mortgage and Finance, a unit of Warren Buffett’s Berkshire Hathaway. The lawsuit alleges that Vanderbilt ignored “clear and obvious red flags” that borrowers could not afford their loans.