November 19, 2013 The Justice Department announces that JPMorgan Chase will pay $13 billion to settle U.S. claims over the sale of troubled mortgages. The deal includes a $4 billion payment for consumer relief. More than half of the record settlement amount will be tax-deductible, the banking giant says.
October 11, 2013 The country's biggest bank by assets is reeling from a $920 million penalty for failing to control risky trades and faces a multi-billion dollar settlement for mortgage abuse.
January 7, 2013 Some borrowers who were mistreated during foreclosures will receive compensation. The payments will range from hundreds of dollars to $125,000. The agreement ends a case-by-case review of the banks' actions.
October 4, 2011 Warnings were given but action wasn't taken, an inspector general says. Read the report.