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IPFS News Link • Government

New York Tells Private Company: Fire Your CEO

• Cato

From yesterday's Wall Street Journal [$], word that the New York Department of Financial Services has strong-armed Ocwen Financial Corp., a leading mortgage servicer, into a legal settlement that not only extracts $150 million from the company and puts it under the thumb of a state-appointed monitor but even requires its executive chairman to resign: ....


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