Ocwen Discloses Possible CFPB Action

Ocwen Financial Corp. has revealed that it is working with the Consumer Financial Protection Bureau to avoid actions that could have a material impact on the company.

In a Securities and Exchange Commission filing, Ocwen said it previously disclosed the receipt of several civil investigative demands, or investigative subpoenas, from the CFPB.

The demands from the regulator seek to obtain information about the West Palm Beach, Florida-based organization’s residential loan servicing practices.


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From:: Financing

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