JPMorgan Wins Dismissal Of Los Angeles Lawsuit Over Mortgage Lending - Presented by: The Aol. On Network

JPMorgan Chase has won the dismissal of a lawsuit by the City of Los Angeles accusing the largest U.S. bank of steering minority borrowers into mortgages they could not afford, even after similar cases against the next three largest banks were allowed to go forward. In a decision made public on Wednesday, U.S. District Judge Otis Wright said the city could not hold the bank responsible for questionable lending by the former Washington Mutual.



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