Violation Tracker Individual Record
Company:
J.P. Morgan Chase
Current Parent Company:
JPMorgan Chase
Penalty:
$1,950,000
Year:
2010
Date:
November 9, 2010
Offense Group:
consumer-protection-related offenses
Primary Offense:
discriminatory practices (non-employment)
Violation Description:
To resolve a lawsuit alleging discrimination in its mortgage lending, J.P. Morgan agreed to provide various categories of borrowers $70 to $300 in cash or credits. The settlement did not specify a gross settlement amount but it specified that the bank would pay $1.95 million in plaintiffs' legal fees.
Level of Government:
federal
Action Type:
private litigation
Court:
Central District of California
Civil or Criminal Case:
civil
Case ID:
2:07-cv-05540
Case Name:
Payares v. J.P. Morgan Chase
Private Lawsuit Resolution Type:
settlement
HQ Country of Parent:
USA
HQ State of Parent:
New York
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
financial services
Specific Industry of Parent:
banking & securities
Source of Data:
https://clearinghouse.net/detail.php?id=12535&search=source%7Cgeneral%3BcaseCat%7CFH%3Borderby%7CfilingYear%3B
Link to PACER Case Docket (must be logged in):
https://ecf.cacd.uscourts.gov/cgi-bin/DktRpt.pl?395176
Link to Archived Court Document:
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.
