Republicans bleed Ocwen to aid smaller banks

By Matthew Scully
31 Jul 2014

House Republicans are continuing to hammer away at Dodd-Frank and non-bank mortgage servicer Ocwen Financial as a means to help regional and community banks compete for servicing assets.

The House Committee on Financial Services on Wednesday voted to advance a bill to assess the appropriate capital requirements on mortgage servicing for non-systemic banks. Non-systemic banks would include banks with under $50bn in assets — a threshold that Federal Reserve Board Governor Dan Tarullo suggested in ...

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