JP Morgan Agrees to Settle Mortgage Discrimination Lawsuit



According to an article in Reuters, JP Morgan Chase & Co has agreed a $55 million settlement for a US Justice Department lawsuit. This lawsuit accused the company of discriminating against minority borrowers, allowing mortgage brokers to charge

A Short Rant on Ecomomic Disaster: The State of Fair Play 2013



Anyone reading this has to have been affected by the so called “Great Recession”, and most of you very negatively. Without going into history lessons or far reaching “what ifs” – suffice it to say when Wall Street crashed this time, your future was altered inextricably. Given all that, near continuous news of underhanded dealings prompts this little rant. Okay, it’s a big rant – but you don’t even want to go here.

Big Banks Face Their Toughest Foes – Almost Everyone



Legislators are now being confronted not only by borrowers who say banks are to blame for their foreclosure situation, but investor groups who stand to regain billions. In Washington regulators stand poised to put the screws to the banking industry.

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