The Consumer Financial Protection Bureau said Wednesday it had filed a lawsuit against Sprint Corp., alleging it illegally processed improper third-party billing charges marking the first time the agency has pursued a telecommunications firm. more »
"I informed Ocwen that I did not have confidence that the internal review group was independent... so we have to have the work redone," said Joseph A. Smith, the settlement monitor.
Ocwen Financial came under fire Tuesday from Joseph A. Smith, the monitor of the national mortgage settlement, after concerns of conflicts of interest were raised by an unnamed whistleblower. more »