Judge Tosses Most CFPB Claims Against Mortgage Servicer Ocwen

The CFPB must slim down claims that mortgage servicer Ocwen Financial Corp. violated consumer protection laws after a Florida federal judge said most of the allegations were covered by an earlier settlement.

Mortgage servicing violations that the Consumer Financial Protection Bureau brought in a April 2017 lawsuit against Ocwen duplicated those covered in a $2 billion settlement that won court approval in February 2014, Judge Kenneth Marra of the U.S. District Court for the Southern District of Florida said Thursday.

The 2014 settlement, which Ocwen reached with the CFPB, 49 states, and the District of Columbia, covered alleged servicing ...