JP Morgan Chase to pay $55m to settle racial discrimination charges

Bank allegedly charged black and Hispanic mortgage customers moreJP Morgan denied wrongdoing, saying prices were set by independent brokers Related: JP Morgan Chase to pay $264m over Chinese 'princelings' bribery scheme JP Morgan Chase agreed to pay $55m to settle charges that the bank discriminated against “thousands” of minorities seeking home loans by charging them higher rates and fees. Continue reading...