CFPB, Florida Sue Ocwen For Mortgage Servicing Issues

Law360, New York (April 20, 2017, 5:02 PM EDT) -- The Consumer Financial Protection Bureau on Thursday sued mortgage servicer Ocwen Financial Corp. in Florida federal court alleging that the firm’s servicing database is riddled with inaccuracies and incomplete information that resulted in wrongful foreclosure proceedings against around 1,000 families, the same day Florida filed a similar suit against the company.

The CFPB's complaint, filed in federal district court in West Palm Beach, Florida, came at the same time that Florida Attorney General Pam Bondi and the state’s Office of Financial Regulation Commissioner Drew J. Breakspear...
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Case Information

Case Title

Consumer Financial Protection Bureau v. OCWEN Financial Corporation, Inc. et al


Case Number

9:17-cv-80495

Court

Florida Southern

Nature of Suit

Other Statutory Actions

Judge

Kenneth A. Marra

Date Filed

April 20, 2017

Companies

Government Agencies

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