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Violation Tracker Individual Record

Company: Ocwen Financial Services
Current Parent CompanyOcwen Financial
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $127,300,000
Year: 2013
Date: December 19, 2013
Offense Group: consumer-protection-related offenses
Primary Offense: mortgage abuses
Violation Description: Ocwen Financial agreed to pay $127.3 million to resolve mulitstate litigation alleging mortgage servicing and foreclosure abuses. This was part of a larger $2.125 billion settlement involving the federal Consumer Financial Protection Bureau; see the Violation Tracker entry at (click here)
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Court: District of the District of Columbia
Civil or Criminal Case: civil
Case ID: 1:13-cv-02025
Case Name: Consumer Financial Protection Bureau et al. v. Ocwen Financial Services et al.
HQ Country of Current Parent: USA
HQ State of Current Parent: Georgia
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data(click here)
Link to PACER Case Docket (must be logged in)(click here)
Link to Archived Court Document subscribe to see this data field
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.