JPMorgan settles federal mortgage discrimination suit for $55 million

NEW YORK — JPMorgan Chase said Wednesday that it had agreed to settle a federal lawsuit accusing the bank of working with mortgage brokers who discriminated against minority borrowers for years by charging them $1,000 more than white customers. Read the rest of the article on the Washington Post

If you believe that they have experienced housing discrimination or lending discrimination, and you live in Nassau or Suffolk Counties, can contact Long Island Housing Services for assistance at 631-567-5111 ext 375.  Fair housing and fair lending laws were enacted to insure equal and fair access to housing, insurance, lending and financial services. Fair lending laws require equal opportunity without regard to an applicant’s personal characteristics or the racial or ethnic demographics of the neighborhood in which a property is located. These laws protect the rights of consumers and housing providers. You can find out more about our Fair Lending enforcement program here.

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