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Volume 28 - Number 17

August 14, 2017

Trump DOJ Expected to Enter Ocwen’s Dispute With CFPB

Given the Trump administration’s expressed interest in scaling back federal regulation and giving corporate interests greater freedom to conduct their business as they see fit, political and legal observers expect the Department of Justice to respond in the affirmative to a recent judicial invitation to formally opine on Ocwen Financial’s dispute with the CFPB. The nonbank mortgage servicer recently asked Judge Kenneth Marra with the U.S. District Court for the Southern District of Florida to invite the U.S. attorney general to appear and to participate in the company’s challenge to the constitutionality of the bureau. “There are at least two clear reasons to invite the attorney general to participate here,” said the company. “First, inviting the views of the attorney ...

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