JPMorgan to pay US$50m over improper mortgage practices: DOJ
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
[WASHINGTON] JPMorgan Chase will pay US$50 million as part of a national settlement agreement to compensate homeowners in bankruptcy over the use of robo-signing and other improper practices, the Department of Justice said on Tuesday.
The settlement includes cash payments, mortgage loan credits and loan forgiveness to more than 25,000 homeowners, the Justice Department said in a statement.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
