GOP Congressman Trott questions why mortgage fraud settlement funds went to community groups instead of bankers
In 2013, the U.S. Department of Justice reached a settlement with the giant mortgage bank JP Morgan Chase after they were found to have engaged in fraud that seriously harmed homeowners across the country, many of whom lost their homes entirely. Part of $13 billion settlement – and similar settlements with Citigroup, Wells Fargo, and Bank of America – included […]
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