As part of a flurry of last minute regulatory activity by the Biden administration’s Consumer Financial Protection Bureau ...

Another recent example from this year, the CFPB alleged that the manufactured-home lender, Vanderbilt Mortgage, violated TILA and Regulation Z by ignoring “obvious red flags about borrowers' ability ...

On January 15, 2025, the Consumer Financial Protection Bureau (“CPFB” or the “Bureau”) took three coordinated actions related to home equity ...

According to the CFPB, Vanderbilt Mortgage & Finance, a subsidiary of Clayton Homes, violated the Truth in Lending Act and Regulation Z by approving loans without properly verifying a borrowers ...

The CFPB claims instead of helping vulnerable ... According to the lawsuit, Vanderbilt has been accused of violating TILA and Regulation Z’s minimum underwiring standards, as well as violating ...

The lawsuit accuses Vanderbilt of violating the Truth in Lending Act and Regulation Z. The CFPB is seeking to stop the alleged illegal practices, obtain restitution for harmed consumers ...

Globally, BNPL has reshaped consumer finance, particularly among millennials and Gen Z who are wary of traditional banking. The industry was valued at $231.51 billion in 2024 and is projected to reach ...

CEO Andretta noted upgrades in Bread Financial’s rating outlooks by Moody’s and Fitch, moving from stable to positive. CFO Perry Beberman reported that the company generated adjusted income from ...

and Regulation Z’s minimum underwriting standards in addition to the Consumer Financial Protection Act’s prohibition against providing a financial product that doesn’t conform with federal law. In the ...