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Violation Tracker Individual Record

Company: Ocwen Loan Servicing, LLC
Current Parent Company: Ocwen Financial
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $5,988,704
Year: 2023
Date: February 17, 2023
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Ocwen agreed to pay $2.5 million in penalties and costs, plus waive an estimated nearly $3.5 million in late fees in settlement of an examination by the department that found the company failed to provide accurate and timely information to borrowers of their interest rates and account balances.
Level of Government: state
Action Type: agency action
Agency: California Department of Financial Protection and Innovation
Civil or Criminal Case: civil
Facility State: California
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)
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.