What the Chase Settlement Could Mean for Consumers
The Justice Department and JPMorgan Chase & Co. reportedly could sign a $13 billion agreement today that would be the largest ever reached between the U.S. government and a corporation, several news sources are reporting. The final issue in the settlement was said by persons familiar with the talks (but not authorized to comment publicly) to concern $4 billion that would go to aid consumers. Here's a breakdown of how those funds from the nation's largest bank would be divided to aid homeowners, prospective homebuyers and others, according to the unnamed sources:
THE JPMORGAN CHASE DEAL -- HOW IT COULD HELP CONSUMERS:
Previous stories about JPMorgan Chase:
JPMorgan's $13 Billion Deal Hits Stumbling Blocks
Why JPMorgan Settlement Could Make It Tougher to Get a Mortgage
Mortgage Modifications Still Taking Banks Too Long, Report Says
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