Arab Today, arab today us sets 13bn mortgage settlement with jpmorgan chase
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

US sets $13bn mortgage settlement with JPMorgan Chase

Arab Today, arab today

Arab Today, arab today US sets $13bn mortgage settlement with JPMorgan Chase

New York - AFP

US regulators have reached a $13 billion settlement with JPMorgan Chase to resolve numerous suits alleging poor mortgage practices, a person familiar with the matter told AFP Tuesday. The settlement, the latest in a string of agreements over allegations the largest US bank by assets misled investors on mortgages, includes $4 billion in relief for consumers and $2 billion in penalties related to mortgage practices in California.

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