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CFPB Sues Berkshire-Owned Lender Over ‘Unaffordable’ Loans

A lender owned by Warren Buffett’s Berkshire Hathaway Inc. knowingly issued “unaffordable” home mortgages by ignoring the insufficient income or assets of some borrowers, a top financial regulator alleged in a lawsuit Monday. The Consumer Financial Protection Bureau sued Vanderbilt … Source: Claims Journal

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Tesla Faces US Probe Over Driverless Vehicle-Summon Feature

Tesla Inc. is under federal scrutiny over concerns that a newly released driver-assistance feature could result in crashes, the latest move by auto-safety regulators to investigate the electric-car maker’s technology. The U.S. National Highway Traffic Safety Administration has opened a … Source: Claims Journal

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Sedgwick Announces New Leadership in Japan And Taiwan

Sedgwick announced new leadership in Japan and Taiwan. In Japan, Shuji Tanaka has been appointed CEO for operations in the country, and Takeshi Nagao, who currently serves as managing director, will remain with Sedgwick and transition to the role of … Source: Claims Journal

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Winklevoss Twins’ Gemini to Pay $5 Million to End CFTC Case

The Winklevoss twins’ Gemini Trust Co. cryptocurrency exchange agreed to pay $5 million to end a Commodity Futures Trading Commission lawsuit claiming it misled the derivatives regulator in a bid to launch the first US-regulated Bitcoin futures contract. The proposed … Source: Claims Journal

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