JPMorgan Chase officially reaches $53 million settlement for lending discrimination

Confirming reports that began to emerge last week, JPMorgan Chase officially reached a settlement with the Department of Justice over allegations that the bank’s brokers charged higher interest rates to minority borrowers than white borrowers in the run-up and during the financial crisis. Initial reports pegged the settlement amount at $55 million, but the actual settlement amount is slightly lower, checking in at $53 million. http://www.housingwire.com/articles/39019-jpmorgan-chase-officially-reaches-53-million-settlement-for-lending-discrimination ❤️ #share #mortgage

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