Judge Daniels found that the settlement was “fair, reasonable and adequate” for the class of investors, saying the objections had no merit. Read more
Bank of America Corp., Citigroup Inc. and JPMorgan Chase & Co. were among the banks that have agreed to pay a $324 million settlement. Read more
Wells Fargo, the nation’s largest mortgage lender, has agreed to pay $1.2 billion to put to rest claims that it engaged in reckless lending from 2001 through 2010. Read more
Bank of America Corp. and U.S. Bancorp have agreed to pay $69 million to settle a class action lawsuit over their role as trustee for mortgage-backed securities containing shoddy loans issue... Read more
The lead Plaintiffs and underwriter banks in a class action accusing JPMorgan Chase & Co. and other financial institutions of misleading investors about the inherent risks of IndyMac Ban... Read more
Lawyers at Beasley Allen are currently representing individuals who have been victimized by JPMorgan Chase Bank’s practice of force-placing flood insurance on borrowers with home equity line... Read more
Bank of America has been ordered to pay about $772 million in refunds to customers and fines to federal regulators to settle claims that the bank used deceptive marketing and billing practic... Read more
Ten major banks reached an agreement last month to pay a reported $8.5 billion to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay... Read more
The U.S. Commodity Futures Trading Commission (CFTC) has settled charges against JPMorgan Chase Bank for its unlawful handling of Lehman Brothers, Inc.’s customer segregated funds. The CFTC... Read more
The federal government is investigating JPMorgan Chase for allegedly having tried to recover outstanding credit-card debt in excess of what customers owed and engaging in other faulty collec... Read more
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