Violation Tracker Individual Record
Company:
JPMorgan Chase Bank N.A.
Current Parent Company:
JPMorgan Chase
Penalty:
$50,000,000
Year:
2015
Date:
March 3, 2015
Offense Group:
financial offenses
Primary Offense:
bankruptcy professional violation
Secondary Offense:
mortgage abuses
Violation Description:
The Department of Justice's U.S. Trustee Program entered into a national settlement agreement with JPMorgan Chase Bank N.A. requiring it to pay more than $50 million, including cash payments, mortgage loan credits and loan forgiveness, to over 25,000 homeowners who are or were in bankruptcy.
Level of Government:
federal
Action Type:
agency action
Agency:
Justice Department U.S. Trustee Program
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
Specific Industry of Parent:
banking & securities
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.
