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Early defeat for Ocwen in CFPB suit

Published 06/02/2017, 02:11 PM
© Reuters.  Early defeat for Ocwen in CFPB suit
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  • Ocwen (NYSE:OCN) had sought a ruling on the constitutionality of the CFPB prior to that agency's suit against Ocwen moving forward. This was rejected by a federal judge, who says doing so would be a departure from settled rules.
  • Still pending before the court is Ocwen's request to invite the views of Attorney General Jeff Sessions.
  • Reporting by Bloomberg's Chris Bruce
  • Ocwen shares are ahead 0.75% on today's session.
  • Now read: Greenlight Capital names new CEO


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