Posts tagged: legal settlement
Idaho borrowers will get mortgage principal reductions or, for some, cash payments under a legal settlement announced today by Idaho Attorney General Lawrence Wasden. Ocwen Financial Corporation of Atlanta, Georgia, and its subsidiary, Ocwen Loan Servicing, agreed to the $2.1 billion settlement with Idaho, 48 other states, the District of Columbia, and the Consumer Financial Protection Bureau, for violations including premature and unauthorized foreclosures, use of false and deceptive documents, “robo-signing” and more.
“The improper practices found in the Ocwen case were similar to those we saw in our other mortgage servicer enforcement cases,” Wasden said. “The Ocwen settlement is a continuation of our civil law enforcement effort to hold servicers accountable and ensure that they comply with applicable law in their treatment of borrowers.” Click below for his full announcement.
Idaho Attorney General Lawrence Wasden has reached a settlement with two prescription drug manufacturers that requires them to pay Idaho more than $1.2 million in a dispute over how much they charged Idaho Medicaid for drugs based on published average wholesale prices. “Where published prices are false or misleading, the taxpayers are significantly harmed by excessive Medicaid reimbursements,” Wasden said. “This settlement reimburses unfair costs to Idaho taxpayers.”
This is the fifth such case Wasden’s resolved since 2005, resulting in a total of $5.1 million recovered for Idaho; three more cases are pending. Click below to read Wasden’s full announcement.