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
Link to PACER Case Docket (must be logged in): 
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.