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I assume that's what the "$1.8 billion in consumer relief" is. Previous settlements over 2008 have also had some of the money earmarked for helping out distres
by czinck 11y ago
I assume that's what the "$1.8 billion in consumer relief" is.
Previous settlements over 2008 have also had some of the money earmarked for helping out distressed homeowners that were affected. The JP Morgan settlement in 2013 (the mortgage one, not the London Whale one) had $4 billion earmarked for helping out borrowers[1].
[1] http://money.cnn.com/2013/11/19/investing/jpmorgan-mortgage-settlement/ http://money.cnn.com/2013/11/19/investing/jpmorgan-mortgage-...