Another type of Slap on the Wrist for an organization You to definitely Abused Homeowners
Therefore in order to review, huge bank servicers mistreated home owners, reduced an affordable great, and you can marketed its upkeep businesses to low-bank servicers instance Ocwen, exactly who routinely engaged in identical techniques
The entire year just wouldn’t be complete without it last suspicious financial con payment. A consent buy between your Individual Economic Coverage Agency, every county but Oklahoma, and the home loan upkeep team Ocwen once again reveals the brand new went on, general mistreatment from American residents. Ocwen really stands implicated away from breaking user monetary laws and regulations at every stage of your financial repair process, according to CFPB Movie director Richard Cordray. However, around this settlement, its professionals often face no unlawful charge, the firm doesn’t in reality spend the money for large greater part of the new punishment themselves, and did not have to help you know wrongdoing on case. Read more “Another type of Slap on the Wrist for an organization You to definitely Abused Homeowners”