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.