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.