Altisource Portfolio Solutions S.A. has disclosed that it faces a potential enforcement action over technology services that it has provided to Ocwen Financial Corp.

On Nov 10, 2016, the Luxembourg-based company received a Notice and Opportunity to Respond and Advise letter from the Consumer Financial Protection Bureau.

The letter indicates that the CFPB is considering a potential enforcement action tied to alleged violation of federal law related to technology services provided to Ocwen.

Source: Mortgage Daily