JPMorgan Settlement Over Military Families’ Mortgages Approved
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JPMorgan Chase & Co., after admitting it mishandled mortgages of U.S. service members, won approval of a $56 million settlement of claims that it overcharged on their home loans.
U.S. District Judge Margaret B. Seymour in Columbia, South Carolina found that the accord, which provides $27 million in cash to military personnel overcharged on mortgages as well as other benefits, was a fair resolution of suits over the problem loans.