Justice using JPM settlement to pursue other banks

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JPMorgan Chase is expected to pay approximately $2 billion. filed a U.S. Supreme Court petition last year seeking authorization to pursue financial recovery from JPMorgan and several other banks,

WASHINGTON JPMorgan Chase’s $216 million deal with regulators to rein in faulty credit card collection practices and the bank’s reselling of low-quality debts is a strong warning that other companies are in the crosshairs, officials said Wednesday. The settlement covered a.

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Along with paying 5 million, the Swiss banking giant also agreed to provide documents and other assistance to plaintiffs as they pursue claims against other banks. That clause in the settlement.

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Justice using JPM settlement to pursue other banks Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing.

 · Jamie Dimon’s $13 Billion Secret-Revealed. Four years ago, JPMorgan Chase reached a then-record settlement with the Department of Justice after, among other things, the bank received a copy of a U.S. attorney’s draft complaint documenting its alleged role in underwriting fraudulent securities in the years leading up to the 2008 financial crisis.

The US Justice Department plans to use its tentative $us13 billion (.5 billion) settlement with JPMorgan Chase as a blueprint for similar deals with other banks in probes related. gives.

 · DOJ To Give Money From Bank Of America Settlement To Liberal Activist Groups. Judicial Watch reports that the Department of Justice is giving liberal activist groups money from a $16.6 billion settlement with Bank of America.. The groups benefitting from the lawsuit, according to Investor’s Business Daily, are the National Council of La Raza, Operation Hope, National Community.

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JPMorgan Chase & Co. resumed settlement talks with. said senior managers at the bank knew in April 2012 that its chief investment office in London was using aggressive valuations that hid losses..

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 · JPMorgan has agreed to a $13 billion settlement over mortgage-backed securities sold ahead of the financial crisis, officials announced Tuesday. This assistance includes loan refinancing, donation of bank-owned properties, and new mortgage loans to low- and moderate-income families harmed by the crisis.

The $17 billion settlement reached today (Thursday) between the U.S. Department of Justice and the subprime mortgage meltdown progenitor, Bank of America Corp. (NYSE: BAC ), is the largest penalty.

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