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05

JPMorgan Pays $48 Million More to Settle Mortgage Servicing Issues

By Tony Seruga

JPMorgan Chase will pay an additional $48 million to settle remaining issues stemming from missteps in its handling of mortgage servicing accounts after the 2008 financial crisis.

The bank already paid $2 billion in a 2013 settlement with the Office of the Comptroller of the Currency, but did not meet all the obligations of that earlier settlement. The new penalty, announced by the regulator on Tuesday, resolved remaining problems…

JPMorgan Pays $48 Million More to Settle Mortgage Servicing Issues

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