July 21, 2017

David Dayen: More Trump Populism: Hiring a Bank Lawyer to Attack CFPB Bank Rules

President Trump and Republicans in Congress have broadcast their every intention to gut the Consumer Financial Protection Bureau. The president’s budget attempted to defund it and leading Republicans have called for its director to be fired and replaced with a more Wall Street-compliant regulator. But much like the bulk of Trump’s agenda, that assault remains …

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Ocwen to Shell Out $56 Million in Class-Action Settlement

Ocwen to Shell Out $56 Million in Class-Action Settlement July 20th, 2017  |  by Alex Spanko Ocwen Financial Corporation (NYSE: OCN) on Thursday announced that has reached a $56 million settlement over a federal class-action lawsuit, the latest in a line of issues for the troubled servicer. The lawsuit stemmed from alleged problems with restatements …

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