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JPMorgan settles mortgage discrimination lawsuit

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JPMorgan settles federal mortgage discrimination suit for $55 million

JPMorgan settles federal mortgage discrimination suit for $55 million*/

– (Stan Honda/AFP/Getty Images)NEW YORK — JPMorgan Chase said Wednesday that it had agreed to settle a federal lawsuit accusing the bank of working with mortgage brokers who discriminated against minority borrowers for years by charging them $1,000 more than white customers.The case was settled for $55 million, according to a person familiar with the settlement who spoke on the condition of anonymity because the details are not yet public.Between 2006 and 2009, JPMorgan charged at least 53,000 black and Hispanic borrowers more than white borrowers with the same credit and risk profiles, according to a lawsuit filed by U.S. Attorney Preet Bharara in Manhattan.
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JPMorgan settles mortgage discrimination lawsuit

JPMorgan settles mortgage discrimination lawsuit*/

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JPMorgan settles mortgage lawsuit alleging discrimination against minorities

JPMorgan settles mortgage lawsuit alleging discrimination against minorities*/

– JPMorgan Chase is settling charges that independent brokers working for the bank discriminated against minorities seeking home mortgages.A federal suit filed Wednesday in Manhattan accused JPMorgan Chase & Co. of charging black and Hispanic borrowers higher interest rates and fees for mortgages from 2006 to at least 2009.The lawsuit alleges that discrimination cost at least 53,000 minorities borrowers tens of millions in higher interest payments and fees.
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JPMorgan settles allegations of mortgage discrimination against minorities

JPMorgan settles allegations of mortgage discrimination against minorities*/

– JPMorgan Chase & Co. said Wednesday that it has agreed to settle a federal lawsuit accusing the bank of discriminating against minority borrowers for years by charging them about $1,000 more for a mortgage than white customers.The case was settled for $55 million, according to a person familiar with the settlement.Between 2006 and 2009, JPMorgan charged at least 53,000 black and Latino borrowers more than white borrowers with the same credit and risk profile, according to the lawsuit filed Wednesday by U.S. Atty.
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