Saturday , 31 October 2020

Monitor Validates Chase’s Claim of $2.2 Billion in Consumer Relief Under Settlement

By Brian Honea

An independent monitor verified in his fourth report on JPMorgan Chase’s progress under its November 2013 settlement with the government over the packaging and selling of faulty residential mortgage-backed securities that the bank has paid more than half of the $4 billion amount it agreed to pay toward consumer relief, according to an announcement from independent monitor Joseph A. Smith, Jr. on Thursday.

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