CFPB Sues Vanderbilt for Setting Borrowers Up to Fail in Manufactured Home Loans
January 06, 2025
January 06, 2025
WASHINGTON, Jan. 6 -- The Consumer Financial Protection Bureau issued the following news release:
WASHINGTON, D.C. - Today, the Consumer Financial Protection Bureau (CFPB) sued Vanderbilt Mortgage & Finance for setting families up to fail when they borrowed money to buy a manufactured home. The CFPB alleges that Vanderbilt's business model ignored clear and obvious red flags that the borrowers could not afford the loans. As a result, many families found themselves strugglin . . .
WASHINGTON, D.C. - Today, the Consumer Financial Protection Bureau (CFPB) sued Vanderbilt Mortgage & Finance for setting families up to fail when they borrowed money to buy a manufactured home. The CFPB alleges that Vanderbilt's business model ignored clear and obvious red flags that the borrowers could not afford the loans. As a result, many families found themselves strugglin . . .