Borrower, Lender To Settle Claims In Convenience Fees Class Action

Mealey's (May 20, 2022, 8:26 AM EDT) -- SAN FRANCISCO — A borrower and mortgage loan servicer Ocwen Loans Servicing LLC have agreed to settle class claims brought by the borrower alleging that Ocwen violated state debt collection and unfair competition laws by charging “pay-to-pay” convenience fees for processing the borrower’s loan payments online, Ocwen, the borrower and another defendant say in a joint notice filed in California federal court on May 16....