Bank Settlements

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Bank Settlements

Arjun Mishra

February 13, 2014 11:31:55 pm

02/10/2014: Better Markets sued DOJ over JP Morgan settlement.

02/04/2014: JP Morgan Chase paid 614 million in mortgage lending settlement.

01/31/2014: New York judge approved Bank of America settlement over mortgage-backed securities.

10/25/2013: US government reached 51 billion settlement with JP Morgan Chase.

10/24/2013: US sued Bank of America for 1 billion in mortgage fraud case.

10/23/2013: Bank of America found liable in mortgage fraud case.

10/20/2013: JP Morgan reached 13 billion settlement with DOJ.

08/06/2013: DOJ sued Bank of American for fraud relating to financial crisis.

01/06/2013: Bank of America reached 10 billion settlement with Fannie Mae over Faulty Lending Practices.

01/06/2013: Bank of America paid 85 billion to settle bad mortgage-backed securities claims.

12/21/2011: Bank of America paid 335 million to settle discriminatory lending claims.

THIS DAY @ LAW

Georgia became first US state to ban lynching

On December 20, 1893, Georgia became the first state in the Union to pass a law against lynching, making the act punishable by four years in prison. The statute was not particularly effective—read the text of the 1899 pamphlet Lynch Law in Georgia by anti-lynching activist Ida Wells-Barnett.

UN Drug Trafficking Convention signed

On December 20, 1988, the United Nations Convention Against Illicit Traffic in Narcotic Drugs and Psychotropic Substances was signed in Vienna, Austria. The treaty provides mechanisms for international coordination in preventing the manufacture and distribution of drugs worldwide. Over 170 countries have signed the treaty to date.