Ocwen Loan Servicing recently settled a consumer protection class action lawsuit for $17.5 million for allegations that it violated the Telephone Consumer Protection Act (TCPA) by making robocalls to its customers without their prior express consent. Ocwen made over 100 million calls to 1.2 million customers, many of which violated the TCPA. This law prohibits using automatic dialing equipment to call cell phones of persons who have not given prior express consent.
About the Ocwen Class Action
While $17.5 Million sounds like a lot of money for phone calls, it may be that your case – if pursued individually – would be worth significantly more than that. That $17.5 million is also used to pay the class counsel’s attorney’s fees as well as settlement administration. According to estimates, each individual who opts into the settlement will get about $60.
Opting Out and Pursuing Your Own Case
As a class member, you do not have to accept the limited Ocwen TCPA settlement. You can opt out of the Ocwen settlement by filing a written request before February 19, 2018. We are happy to assist you in preparing such documents if it makes sense for you to do so. The TCPA allows customers with valid claims to recover between $500 and $1500 for each robocall made without consent. If you received a significant number of cell phone calls from Ocwen that you didn’t consent to (such as if they acquired your servicing rights and did not originate your loan), you may want to consider opting out of the case where you would only get $60 and pursue remedies that could be $500 per call or more.
Contact Our TCPA Attorneys
Opting out and pursuing your own case would not cost you anything. Maginnis Howard handles all consumer protection cases on a contingency basis, meaning no attorney fees are owed unless we recover funds for you, whether it’s through a settlement or a trial.
If Ocwen Loan Servicing has harassed you or you have received a letter alerting you to the existence of the class action lawsuit, contact Maginnis Howard to discuss your rights. If you have other issues with Ocwen, such as inaccurate mortgage servicing or credit reporting, we may also be able to assist you at no cost. You can reach our TCPA attorneys at (919) 526-0450 or through our confidential contact page.
