Banking Misconduct Blog

The Consumer Financial Protection Bureau (CFPB) has just finalized a rule which will further protect consumers from serial violators like the infamous subprime mortgage servicing giant OCWEN. Under the new rule, banks and financial companies will no longer be allowed to use agreements that prevent...

Last April, the Consumer Financial Protection Bureau announced a lawsuit against Ocwen and its subsidiaries for “failing borrowers at every stage of the mortgage servicing process.” The CFPB’s statement claimed that “Ocwen’s years of widespread errors, shortcuts, and...

We sue banks for a living. Unfortunately, there are not many lawyers that can make that claim. Although we generally do not handle residential mortgage cases, we still like to share homeowner stories with happy endings. Too few “David vs. Goliath” stories end well these days, especially...