DOJ, CFPB Hit Texas Lender With 1st Predatory Lending Suit

By Faith Williams (December 20, 2023, 6:23 PM EST) -- The U.S. Department of Justice and the Consumer Financial Protection Bureau have brought a precedent-setting predatory lending suit against a Texas real estate developer and lender, alleging that it participated in a "bait and switch land sale scheme" that targeted Spanish-speaking borrowers. ...

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