BerkshireHathaway

Berkshire Hathaway's Lending Arm Faces CFPB Lawsuit Over Alleged Unaffordable Loan Practices

3 months ago

In a significant legal move, the Consumer Financial Protection Bureau (CFPB) has initiated a lawsuit against a lending company owned by Berkshire Hathaway, alleging that the institution engaged in predatory lending practices by offering consumers unaffordable loans. This action underscores ongoing scrutiny of lending institutions and their financial practices, particularly in the wake of recent market volatility.

Berkshire Hathaway's Profits Slip by 6% Amid Declining Insurance Underwriting

5 months ago

Berkshire Hathaway, the conglomerate giant led by Warren Buffett, has reported a noticeable decline in its profits, with figures plummeting by 6% in the third quarter of 2024. This downturn can largely be attributed to a significant reduction in underwriting income within its insurance segment, casting a shadow over the company's otherwise robust portfolio.