With a new settlement with the Department of Justice under negotiation - possibly worth $17 billion - we demand you meet directly with families affected by your peddling of toxic mortgages and destruction of our economy. Only when you understand what your actions have caused will you be able to create a settlement that helps fix what you broke.
Homeowner assistance from $13 billion deal yet to materialize substantially, groups seek answers from Justice Department
Washington [July 28, 2014]— A group of community organizations from throughout the country submitted a Freedom of Information Act request this week to the U.S. Department of Justice (DOJ), seeking specific answers to questions related to the November 2013 DOJ settlement agreement with JPMorgan Chase. The request for information comes at a time when the department has recently announced a similar settlement with Citigroup and is reportedly in ongoing negotiations with Bank of America.
The FOIA request asks the DOJ to provide detailed information on how the settlement is actually being implemented; along with the demographics of who is getting relief from the settlement and correspondence between the department and the appointed monitor, Joseph A. Smith, assigned to oversee the implementation of the settlement.Read more
We knew the big banks would play dirty in their fight against Richmond’s plan to stop the wave of foreclosures decimating our city’s communities. But we didn’t know they would stoop this low. Please sign the petition below to tell the bullies they won't win.
To Attorney General Eric Holder:
Please investigate the Securities Industry and Financial Markets Association (SIFMA) and major banks' plan to redline the City or Richmond and other communities considering local principal reduction programs. Please take every action in your power to put a stop to it.
Thanks for demanding Chase fix what they broke and halt foreclosures in the wake of their potential $13bn settlement with the Department of Justice. Help others add their voices by sharing the petition with your networks.Start recruiting
JPMorganChase and the Department of Justice are negotiating a record-setting $13 billion settlement for Chase's role in selling the toxic mortgage backed securities they and other Wall Street criminals used to destroy our economy and steal our homes. Chase should take this opportunity to stop all foreclosures and find ways to keep struggling families in their homes.
Tell Jamie Dimon, CEO of JPMorganChase: Halt foreclosures and negotiate fair, prompt mortgage modifications to help restore the home equity and community wealth your reckless actions have destroyed.