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Home / Business / JPMorgan settles federal mortgage discrimination suit for $55 million

JPMorgan settles federal mortgage discrimination suit for $55 million

NEW YORK - JPMorgan Chase said Wednesday that it had agreed to settle a federal lawsuit accusing the bank of discriminating against minority borrowers for years by charging them about $1,000 more than white customers for a mortgage. The case was settled for $55 million, according to a person familiar with the settlement. Between 2006 and 2009, ...

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