United States v. JPMorgan Chase Bank, N.A. (S.D.N.Y.)

Overview: 

On January 20, 2017, the court entered a consent order in United States v. JPMorgan Chase Bank, N.A. (S.D.N.Y.). The complaint, which was filed on January 18, 2017, by the United States Attorney's Office alleged that the defendant violated the Fair Housing Act and the Equal Credit Opportunity Act when African American and Hispanic borrowers paid higher rates and fees for wholesale mortgage loans than similarly situated white borrowers. The consent order includes monetary relief of $53 million which includes a civil penalty of $55,000.

 

press release (1/20/17)

Case Open Date: 
Wednesday, January 18, 2017
Case Name: 
United States v. JPMorgan Chase Bank, N.A. (S.D.N.Y.)
Topic: 
Civil Rights
Tags: 
Fair Housing Act
FHA
ecoa
equal credit opportunity act
race
African-American
national origin
hispanic
lending
loan
residential
real estate
mortgage
pricing
New York
1:17-cv-00347
Industry Code: 
None
Component: 
Civil Rights - Housing and Civil Enforcement Section
USAO - New York, Southern
Updated March 3, 2017