In 2013, the Consumer Financial Protection Bureau (CFPB) brought enforcement action against Ocwen Financial Corp. The enforcement action led to a settlement agreement between Ocwen and the CFPB during which time Ocwen mortgageās practices were subjected to greater oversight and scrutiny.
Now the question before the court is whether the CFPB is precluded from bringing action against Ocwen for things done during, and prior to, the settlement agreement period.
Read on for more details.