Recent News About Ocwen Loan Servicing LLC
A federal judge has determined banks can be sued for the debt collection calls initiated on their behalf by a third party. But the banks can only be held vicariously liable, not directly liable, the judge said.
Saying lawyers for the plaintiffs need to “drastically” reduce their $5.8 million fee request to make it "conceivable" to win his approval, a federal judge has rejected a $17.5 million settlement intended to end a class action lawsuit against debt collector Ocwen Loan Servicing over claims the company violated federal law when it called millions of debtors.
A man and an unidentified woman are demanding several people and companies pay them $20 million for alleged breach of contract and alleged violations of several state laws, including the Illinois Consumer Fraud Act and the Illinois Fair Debt Collection Practices Act.