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Published 9 years ago by zobo with 2 Comments
by zobo
9 years ago 2

L.A. sues JPMorgan Chase, alleges predatory home loans to minorities

The city of Los Angeles accused JPMorgan Chase & Co. of steering minority borrowers into risky home loans they couldn’t afford, triggering a foreclosure wave that hammered property values and city coffers.

Continue Reading http://www.latimes.com

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  • jedlicka
    +2

    Here comes a tiny fine compared to how much it netted them, and this story will be buried with the rest of the bank scandal stories.

    9 years ago
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  • 8mm
    +2

    Hopefully they will follow through with it

    9 years ago
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