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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 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
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.