Category:

Episode 3- Financial Consumer Rights Talk- 3rd Circuit Jensen v. Pressler and Pressler

March 31st, 2015 by

The Financial Consumer Rights Talk – Episode 2

March 4th, 2015 by

Discussion of Developing Topics Related to Consumer Rights

The Financial Consumer Rights Talk 3-3-2015: We discuss the recent struggles of Ocwen Financial Corporation in an ironic twist that sees Ocwen losing servicing contracts because it is too successful at resolving delinquencies with distressed homeowners.

Click to Play Podcast

Ocwen has recently been fired by multiple investors who claim that Ocwen’s common practice of working with debtors to modify their loan allowing, them to make payments and stay in their homes, is costing them billions. Does this indicate a flawed system in which it is more profitable for loan owners to foreclose no matter the circumstances rather than getting a steady flow of income from modifying?

CFPB Director Cordray to Hold Field Hearing on Arbitration March 10, 2015 in Newark, N.J.

March 2nd, 2015 by

CFPB to hold field hearing on arbitration in Newark NJ on March 10, 2015

The CFPB has announced that on Tuesday, March 10, 2015, it will hold a field hearing in Newark, N.J. on arbitration. The hearing will feature remarks from Director Cordray, as well as testimony from consumer groups, industry representatives, and members of the public.

Our expectation that the CFPB would issue its arbitration study in early 2015 coupled with the agency

Episode 2 – Financial Consumer Rights Talk – Ocwen Financial Corporation

March 2nd, 2015 by

Attorney Adam Deutsch discusses the recent struggles of Ocwen Financial Corporation in an ironic twist that sees Ocwen losing servicing contracts because it is too successful at resolving delinquencies with distressed homeowners.

Ocwen has recently been fired by multiple investors who claim that Ocwen’s common practice of working with debtors to modify their loan allowing, them to make payments and stay in their homes, is costing them billions. Does this indicate a flawed system in which it is more profitable for loan owners to foreclose no matter the circumstances rather than getting a steady flow of income from modifying? Adam Deutsch weighs in.