CFPB Continues Enforcement Despite Uncertainty

By Joshua D. Feil On April 20, 2017, Richard Cordray, the director of the Consumer Financial Protection Bureau (“CFPB”), announced that the CFPB was filing suit against the mortgage servicer Ocwen Financial Corporation (“Ocwen”). Citing statements by Ocwen’s own officials and employees, the complaint alleges that Ocwen has engaged in illegal servicing and foreclosure activities.

The Constitutional Dilemma of the CFPB: Unchecked Power is Abusive

[vc_row][vc_column][vc_column_text]By: Erich Paetsch Saalfeld Griggs Litigation, Creditors’ Rights & Bankruptcy Practice Groups Oregon Business Lawyers In an important decision, the U.S. Court of Appeals for the D.C. Circuit ruled that Congress fundamentally failed to adhere to Article II of the United States Constitution when it created the Consumer Financial Protection Bureau (“CFPB”). PHH Corporation, Et.