Tag Archives: PHH Corp. v. CFPB

A years-long legal battle between the Bureau and PHH, centering on accusations of illegal kickbacks, recently ended with the Bureau dismissing the case. What does this case signify for RESPA enforcement going forward?

In a split decision, a Washington appeals court has reversed a previous ruling, declaring the structure of the Consumer Financial Protection Bureau to be constitutional after all. The Court of Appeals for the District of Columbia Circuit ruled Wednesday that the ...

Ocwen Financial Corporation sued the Consumer Financial Protection Bureau in late April claiming Ocwen had failed borrowers in every stage of the mortgage servicing process. Though the two went back and forth about getting the ruling on the CFPB’s constitutionality expedited, ultimately the request was denied. Ocwen's bid to test the constitutionality of the CFPB has now been delayed.

The court also ordered that the three-judge panel’s ruling this past October be vacated.

The D.C. Circuit Court of Appeals heard oral arguments in the PHH Corp. v. CFPB case on Tuesday. Benjamin Diehl, partner with Stroock Stroock & Lavan, discusses the scope of the case and possible outcomes.