US Attorney Accused Bank of Overcharging Minorities for Mortgages
JPMorgan Chase agreed to pay $55 million to settle charges that
independent mortgage brokers working with the bank discriminated against
minorities.
In a complaint filed Wednesday, U.S. Attorney for the Southern
District of New York Preet Bharara alleged that the brokers charged
black and hispanic borrowers higher rates than their white peers between
2006 and 2009.
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Source: TheRealDeal.com (via The Empire Report)
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