L.A. Sues JPMorgan Chase For Pushing Minorities Into Cruddy Mortgages

Some banks are worse than pay day loan lenders. Hard to know who to trust.

Consumerist

(Michael Flores) (Michael Flores) After filing similar suits against Well Fargo, Citi, and Bank of America, the city of Los Angeles is now going after JPMorgan Chase for allegedly pushing minority loan applicants into riskier and less-affordable mortgages than they were eligible for.

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