Compliance

Ocwen Financial Corp. has reached a settlement with the California Department of Business to in which the company’s servicing unit will pay $25 million and provide another $198 million in debt forgiveness to resolve charges that Ocwen ran afoul of federal and state laws regarding borrowers' rights... Keep Reading....
The Consumer Financial Protection Bureau (CFPB) scored another victory in court, this time in a case regarding its authority to issue a subpoena in a housing finance investigation.   According to a New York Times report, Judge Nancy G. Edmunds of Federal District Court in Detroit ruled that Harbour... more
The U.S. Court of Appeals for the District of Columbia Circuit has agreed to rehear the case that challenged the constitutionality of the Consumer Financial Protection Bureau’s (CFPB) leadership structure.   According to a Bloomberg report, the full 12-just court will hear the case on May 24. Last... more
Quandis Inc. has announced that it has seamlessly integrated its court case search solution, Quandis Court Connect (QCC), with KMC Information Systems LC’s (KMCIS) CaseAware case management system (CMS) for law firms.   QCC is a data service that automates the monitoring of state courts for desired... more
Sen. Ted Cruz (R-TX) has introduced legislation to shut down the Consumer Financial Protection Bureau (CFPB)
Sen. Ted Cruz (R-TX) has introduced legislation to shut down the Consumer Financial Protection Bureau (CFPB). Cruz’s bill, S.370, is mirrored in the House of Representatives with similar legislation from Rep. John Ratcliffe (R-TX). The legislation simply calls for the repeal of Title X of the Dodd-... more