Failed Mortgage Servicer to Appeal CFPB Win in Long-Running Case

A defunct mortgage servicer and its founder, locked in litigation with the Consumer Financial Protection Bureau for nearly a decade, are asking a federal appeals court to review a nearly $8 million judgment for a second time.

Nationwide Biweekly Administration Inc. and its founder, Daniel S. Lipsky, said Wednesday that they plan to ask the US Court of Appeals for the Ninth Circuit to review a lower court decision allowing the civil money penalty to stand.

Nationwide Biweekly, which suspended operations soon after the CFPB sued in May 2015, and Lipsky argue that the CFPB’s lawsuit against the company remains ...