Chase denied an untold number of loan modifications for a reason that is now prohibited: It determined that homeowners’ financial troubles were temporary. [Related content: homes, home financing, mortgage, refinance, foreclosure] By ProPublica On the Saturday before Thanksgiving, Lesa Herron of Santa Rosa, Calif., opened a letter from Chase Home Finance (.pdf file). She’d been [...]

Washington, DC–(ENEWSPF)– Americans for Financial Reform, a coalition founded in part by U.S. Public Interest Research Group, released the following statement on Friday concerning the practice of big banks, like Citi, Wells Fargo, JPMorgan Chase, and Bank of America, of fleecing the unemployed through their debit cards. John Taylor, National Community Reinvestment Coalition: “The release, [...]

Jamie Dimon, JPMorgan Chase’s chief executive, will receive an all-stock bonus of about $17m for 2009, a move that underlines the conflict facing Wall Street as public pressure over bank pay levels clashes with industry leaders’ desire to be compensated for a strong year. The pay package awarded to Mr Dimon, who is foregoing a [...]