JPMorgan Chase settles fee allegations against veterans
JP Morgan Chase paid $45 million to settle a lawsuit alleging that it cheated military veterans and taxpayers by hiding illegal fees in home refinancing mortgages impacting military veterans. This lawsuit was filed by Wilbanks & Bridges on behalf of Victor Bibby and Brian Donnelly. These whistleblowers worked in the mortgage refinance business and they obtained firsthand knowledge of the actions involving JP Morgan Chase and other major national banks. Overall, more than $250 million has been recovered from 7 different lenders identified in the complaint filed by W&G.