CFPB, DOJ Sue Texas Developers, Lender Alleging Predatory Lending

(December 22, 2023, 12:57 PM EST) -- HOUSTON — The Consumer Financial Protection Bureau (CFPB) and the Department of Justice (DOJ) sued a Texas developer and lender and its affiliates in federal court, claiming that they operate an illegal “bait and switch” land sales scheme that targets Hispanic borrowers and sets them up with loans they cannot afford....

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