Mortgage Servicer Appeals $8M CFPB Judgment To Ninth Circuit

A mortgage servicer facing a nearly $8 million judgment from a Consumer Financial Protection Bureau enforcement action for misleading consumers has asked an appeals court to weigh whether the federal law used to bring the case properly defines the term “deceptive.”

Nationwide Biweekly Administration, a Xenia, Ohio-based mortgage servicer and its founder, Daniel S. Lipsky, filed a notice of appeal March 15 stating that it would ask the the U.S. Court of Appeals for the Ninth Circuit to review a March 12 ruling that upheld the $7.9 million judgment and a permanent injunction.

The company had asked Judge Richard Seeborg ...