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Violation Tracker Individual Record

Company: JPMorgan Chase
Current Parent Company: JPMorgan Chase
Penalty: $1,958,450,341
Year: 2013
Date: January 7, 2013
Offense Group: financial offenses
Primary Offense: banking violation
Secondary Offense: mortgage abuses
Mega-Scandal: Mortgage Abuses
Violation Description: Ten mortgage servicing companies subject to enforcement actions for deficient practices in mortgage loan servicing and foreclosure processing reached an agreement in principle with the Office of the Comptroller of the Currency and the Federal Reserve Board to pay more than $8.5 billion in cash payments and other assistance to help borrowers.
Level of Government: federal
Action Type: agency action
Agency: Office of the Comptroller of the Currency
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.