Violation Tracker Individual Record

Company: 
JPMorgan Chase & Co., and EMC Mortgage Corporation
Current Parent Company: 
JPMorgan Chase
Penalty: 
$275,000,000
Primary Offense: 
banking violation
Secondary Offense: 
mortgage abuses
Violation Description: 

The Federal Reserve Board released orders related to the previously announced monetary sanctions against five banking organizations for unsafe and unsound processes and practices in residential mortgage loan servicing and processing.

Year: 
2012
Agency: 
Federal Reserve
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.