Business & Finance
US sues JPMorgan for alleged mortgage discrimination
NEW YORK: The United States on Wednesday sued JPMorgan Chase & Co, accusing the bank of discriminating against minority borrowers by charging them higher rates and fees on home mortgage loans between 2006 and at least 2009.
By
NEW YORK: The United States on Wednesday sued JPMorgan Chase & Co, accusing the bank of discriminating against minority borrowers by charging them higher rates and fees on home mortgage loans between 2006 and at least 2009.
Filed in a Manhattan federal court, the government's complaint accused the bank of violating the US Fair Housing Act and the Equal Credit Opportunity Act by charging thousands of African-American and Hispanic borrowers more than white borrowers with the same credit profile for home loans.
More Stories
Comments
Comments are closed for this article.