Los Angeles Sues JPMorgan Over Mortgage Lending Practices

Now watching

Next video starts in : 7 Play

Los Angeles Sues JPMorgan Over Mortgage Lending Practices

Los Angeles Sues JPMorgan Over Mortgage Lending Practices
Replay video
Up next

AirAsia Plane Carrying 162 Lost; 3rd Malaysia Airline Shock

Unlock your personal NFL Now stream by signing in to NFL.com

Los Angeles Sues JPMorgan Over Mortgage Lending Practices

by Wochit 0:43 mins

Los Angeles Sues JPMorgan Over Mortgage Lending Practices

by Wochit 0:43 mins

Los Angeles on Friday sued JPMorgan Chase & Co, accusing the largest U.S. bank of engaging in discriminatory mortgage lending practices that drove up foreclosures. The second most populous U.S. city said it is seeking damages for reduced property tax revenue and the higher cost of providing services, both of which it attributed to the foreclosures. Los Angeles said it had sued Bank of America Corp, Citigroup Inc and Wells Fargo & Co, the next three largest U.S. banks, in December.

Wochit

Must Watch

  1. 22:03

    Sin City Saints Episode 1: The Fool Monty

  2. 23:15

    Sin City Saints Episode 2: Smoke and Mirrors

  3. 24:40

    Community Episode 3: Basic Crisis Room Decorum

  4. Rave of Thrones at Exchange LA

Community

  1. 27:26

    Community Episode 1: Ladders

  2. 27:26

    Community Episode 2: Lawnmower Maintenance and Postnatal Care

  3. 24:40

    Community Episode 3: Basic Crisis Room Decorum

  4. 0:29

    Watch a Sneak Peek of Community Episode 4

  5. 2:01

    Sin City Saints: Official Trailer

Yahoo Studios

  1. 2:04

    Sextet of Fallons Perform on 'Tonight Show'

  2. 1:47

    Kimmel Irked By Yard Full Of Christmas Decorations In March

  3. 1:47

    Kimmel Irked By Yard Full Of Christmas Decorations In March

  4. 1:47

    Kimmel Irked By Yard Full Of Christmas Decorations In March

  5. 1:55

    Jeff Perry Does Impression of Kerry Washington Doing an Impression of Jeff Perry

  6. 1:16

    Arizona moves on, but were 'Cats exposed?