Los Angeles Sues Jpmorgan Over Discriminatory Mortgage Practices
Add JPMorgan & Chase Co. to the list of banks being sued by the City of Los Angeles, and add one more headache for the banking giant, which has been plagued with legal troubles, most of which emerged from the London Whale trading scandal. This lawsuit, like a handful of others filed by Los Angeles, accuses big banks of discriminatory lending practices during the mortgage crisis and continuing through the present day....