Tuesday, May 23, 2017

Challenges to CFPB Enforcement Slightly Up

This is an interesting piece stating 37% of CFPB enforcement actions are currently being challenged as opposed to 23% as of 4th quarter 2016. The article contains some interesting compilations on CFPB enforcement actions. It closes with the observation that when Ocwen Servicing announced it was challenging a CFPB enforcement action, its stock went down 50%, leading to the question whether publicly fighting government enforcement action is the wisest course, especially when there may be validity to the government's actions.

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