Settlement Claim Distribution Completed In Convenience Fee Suit

Mealey's (April 20, 2023, 3:30 PM EDT) -- SAN FRANCISCO — Parties in a lawsuit brought by a borrower who alleged that Ocwen Loan Servicing LLC violated state debt collection and unfair competition laws by charging “pay-to-pay” convenience fees for processing the borrower’s loan payments online told a federal judge in California in a joint notice that all funds from a $7 million class settlement between the parties have been distributed as required under the terms of the final settlement order....