Watchdog Group Seeks To Block JPMorgan’s $13B Settlement

Better Markets filed a lawsuit against the DOJ on Monday to block the $13 billion settlement with JPMorgan Chase & Co. (NYSE:JPM) over bad mortgage loans sold before the financial crisis.

The non-profit group was founded in 2010 to advocate for tough Wall Street reforms.

JPMorgan’s historic settlement

In November, JPMorgan Chase & Co. (NYSE:JPM) arrived at a settlement with the President’s RMBS Working Group of the Financial Fraud Enforcement Task Force. The Task Force comprised the Department of Justice (DOJ), several state attorneys general, the Federal Deposit Insurance Corp, the National Credit Union Administration and the Federal Housing...