Tag Archive

JP Morgan Pays $13 Billion to Justice Department to Avoid Investigations

Published on November 4, 2013 By admin

The following article is brought to you by Angelina Bouc at GuardianLV.Com Earlier this year federal regulators were ready to prepare a list of enforcement consequences and fines against the largest bank, JP Morgan Chase. This stemmed from pending lawsuits by the Federal Housing Financial Agency – who accused JP Morgan of unlawful practices during […]

‘Foreclosure Review’ Link Surfaces from BofA-Countrywide Trial

Published on November 4, 2013 By admin

The following article is brought to you by ECreditDaily.Com The Independent Foreclosure Review has sent $2.8 billion in compensation checks to more than 4 million borrowers to remedy foreclosure or mortgage-modification abuses, but along this settlement’s long and winding road there have been many bumps and potholes.(CHASEHOMEFINANCESUX RESPONSE: Yeah, The Big Banks Paid ‘Independent’ Consultants […]

Major JPMorgan Chase settlements and fines

Published on October 20, 2013 By admin

The following article is brought to you by Kevin McCoy at USAToday.Com Here’s a list of what the fines and settlements have cost JPMorgan Chase to date in the fallout of the 2008 financial crisis, not including the tentative settlement reached with the Justice Department Saturday of $13 billion: Oct. 2013: $100 million: Agreed to […]

JPMorgan in talks to settle government probes for $11 billion: sources

Published on October 1, 2013 By admin

The following article is brought to you by David Henry and Karen Freifeld at Reuters.Com JPMorgan Chase & Co is in talks with government officials to settle federal and state mortgage probes for $11 billion, two people familiar with the matter said on Wednesday. The sum could include $7 billion in cash and $4 billion […]

JPMorgan Chase Pays $18.3M for Misleading Mortgage Info

Published on October 1, 2013 By admin

The following article is brought to you by Sylvia Hsieh at Lawyers.Com JPMorgan Chase & Co. has agreed to pay $18.3 million to settle a lawsuit accusing the lender of misleading homeowners about interest rates on adjustable rate mortgages. The lawsuit, filed in 2007, alleged that JPMorgan Chase and lending units of Bear Stearns misled […]