Ocwen reaches $17.5 million settlement for allegedly calling consumers without consent

Ocwen Loan Servicing, a subsidiary of Ocwen Financial, reached a $17.5 million settlement that covers a pair of lawsuits that accused Ocwen of calling consumers’ cellphones without their consent, in violation of the Telephone Consumer Protection Act. The settlement was first reported by Law360, which stated that the putative class includes more than 1.6 million consumers.