Violation Tracker Individual Record

Company: 
JP Morgan Chase
Current Parent Company: 
JPMorgan Chase
Penalty: 
$675,000
Year: 
2015
Date: 
January 16, 2015
Primary Offense: 
mortgage abuses
Violation Description: 

Bank of America, JP Morgan Chase, Citi and Wells Fargo Bank agreed to pay a total of $2.7 million in settlement of allegations they unlawfully foreclosed on properties in Massachusetts. The announcement did not specify how much each bank would pay. Here we assume the total was divided equally among them.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Massachusetts Attorney General
Civil or Criminal Case: 
civil
Private Lawsuit Resolution Type: 
settlement
Facility State: 
Massachusetts
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.