HaCkeD by MuhmadEmad
KurDish HaCk3rS WaS Here
FUCK ISIS !
NEW YORK –Even as Wall Street braces for more cuts to jobs and bonuses, JPMorgan Chase CEOJamie Dimon was paid $27 million in 2015, up from $20 million the year before, the company said Thursday.
The pay raise comes after JPMorgan announced record annual profits last week, thanks to cost-cutting that helped to offset stagnating revenue growth.
JPMorgan’s board paid Dimon a $1.5 million salary, a $5 million cash bonus and $20.5 million in performance-based stock grants, the company said in a regulatory filing.
Last year, Dimon was paid a $7.4 million cash bonus and $11.1 million in stock awards. His $1.5 million salary has remained unchanged.
This year’s stock grants are tied to new, three-year performance metrics. This could could help alleviate criticisms, which bubbled up last year, that Dimon’s pay is not properly tied to performance.
JPMorgan “is now one of the few, if not the only, large financial institution that does not tie any element of CEO pay to achievement of goals for a specific metric or metrics,” proxy advisory firm ISS said last year ahead of a controversial shareholder vote on the bank’s pay.
Banks emerged from a tough 2015 only to face worsening conditions this year, including rising costs tied to souring energy loans.
As a result, bank CEOs are expected to take the ax to personnel costs — their single largest expense — as they scout for new ways to boost profits.
Morgan Stanley and Bank of America have already said they are planing to slash expenses this year through either layoffs or by moving jobs to cheaper cities.
In 2015, JPMorgan cut staff by 3%, or 6,761 jobs. Compensation costs at the New York bank fell by 1% last year.
|FOR IMMEDIATE RELEASE
January 5, 2016
|Contact: Bryan Hubbard
We files with the OCC back then and they did nothing. Now they get money. What a joke!
|OCC Terminates Mortgage Servicing-Related Consent Orders Against JPMorgan Chase and EverBank, Issues Civil Money Penalties|
|WASHINGTON — The Office of the Comptroller of the Currency (OCC) today terminated mortgage servicing-related consent orders against JPMorgan Chase Bank, N.A. (JPMorgan), and EverBank, and assessed civil money penalties against the banks for previous violations of the orders.
The OCC is terminating the consent orders against these banks because it determined that the institutions now comply with the orders. The OCC and the former Office of Thrift Supervision originally issued the orders in April 2011 and amended them in February 2013 and June 2015. The termination of the orders ends business restrictions affecting JPMorgan and EverBank that were mandated by the June 2015 amendments.
The OCC assessed a $48 million civil money penalty against JPMorgan and a $1 million civil money penalty against EverBank.
The OCC found that JPMorgan violated the 2011 consent order from October 1, 2014 through June 30, 2015. The OCC further found that, between December 1, 2011, and November 19, 2013, JPMorgan engaged in filing practices in bankruptcy courts with respect to payment change notices that did not comply with bankruptcy rules and constituted unsafe or unsound banking practices.
The OCC found that EverBank violated the 2011 consent order by improperly charging fees related to mortgage electronic registration system assignments, property inspections, and late fees to approximately 47,000 borrowers. The improper fees occurred between January 2011 and March 2015 and were outside the scope of the Independent Foreclosure Review and the 2013 IFR Payment Agreement. EverBank has begun making $1.6 million in remediation payments to affected borrowers.
JPMorgan and EverBank will pay the assessed penalties to the U.S. Treasury.
# # #
|Tuesday, November 13, 2012|
Independent Foreclosure Review Audioconference
Join a Connecting Communities® audioconference on Tuesday, October 16 from 3:00-4:00pm Eastern to learn more about the Independent Foreclosure Review (IFR) process and how to spread the word to potentially eligible borrowers.
Thousands of current or former homeowners that were in foreclosure in 2009 or 2010 may be eligible for compensation or other remedy due to foreclosure errors. Homeowners who were in foreclosure with one of 14 large mortgage services in 2009 or 2010, and believe that they were financially harmed due to errors in the foreclosure process, can request an independent review to determine if they are eligible for compensation. The deadline for the IFR process has been extended to the end of 2012.
This audioconference will provide an overview of the history and terms of the IFR agreement, including who is eligible and how they can request a review. In addition, the session will provide information to homeowners that think they might be eligible for a review and resources for housing counselors to assist eligible homeowners. Lastly, the session will provide suggestions as to how community groups can spread the word on IFR and encourage eligible families to request an independent review.
Registration is required for this audioconference. To register, go to the Connecting Communities®web site and enter your email address in the ‘Join the Call!’ box. Once registered, you will receive an email containing the call-in information.
Connecting Communities® is a free audioconference program designed to provide timely information on emerging and important community and economic development topics with a national audience. The program complements the Federal Reserve System’s Community Development outreach initiatives, which have typically rested in hosting meetings and events through our regional Reserve Bank offices and at the Federal Reserve Board of Governors in Washington, D.C.
Find location details and driving directions to a Homeownership Center
or call to get started.
- District of Columbia
- New Jersey
- New York
- North Carolina
* Military location
Looks like the OCC and investigators are finally going after big banks like
JPMorgan Chase, Bank of America, etc.
The banks are being investigated for “MONEY LAUNDERING”
Now, it should be easier for the investigators to go after the banks
using the RICO ACT.
See the story source I researched and found.
In questions certified from the United States District Court, the Supreme Court of the State of Washington En Banc concludes that MERS is not and cannot be a lawful beneficiary under Washington State Law. They decline to opine on the effect of the decision but the effects are obvious. They essentially said that only the real creditor (“the actual holder of the promissory note”) and who therefore has the power to appoint a substitute trustee could be a lawful beneficiary.
They rejected all arguments to the contrary, and reaffirmed that the power of sale is a “Significant Power” and thus the deed of trust should be liberally construed in favor of the borrower. The Court also reaffirmed the many decisions about the duties and obligations of trustees that have been routinely ignored by the banks and servicers. “… the process should provide an adequate opportunity for interested parties to prevent wrongful foreclosures.”
Their reasoning boils down to the old saying”you can’t pick up one end of the stick without picking up the other end too.” In this case their point was that financial institutions could not avoid the state recording laws and systems and then use those same laws to foreclose.
The Court also leaves open the door for actions in damages against MERS and those who used MERS for wrongful foreclosures.
This is a PDF file with tons of Lawyers Phone number, email and address.
Borrowers seeking a review of their mortgage foreclosures under the federal banking agencies’ Independent Foreclosure Review now have until December 31, 2012, to submit their requests.
The Office of the Comptroller of the Currency (OCC) and the Board of Governors of the Federal Reserve System (Federal Reserve) today announced that the deadline for submitting requests for review under the Independent Foreclosure Review has been extended. The new deadline provides additional time for borrowers to request a review if they believe they suffered financial injury as a result of errors in foreclosure actions on their homes in 2009 or 2010 by one of the servicers covered by enforcement actions issued in April 2011.
The deadline extension provides more time to increase awareness about the Independent Foreclosure Review and how eligible borrowers may request a review, and to encourage the broadest participation possible. The agencies will work with the servicers to expand their outreach and marketing efforts through the end of the year to encourage as much participation as possible.
As part of enforcement actions issued in April 2011, the agencies required 14 large mortgage servicers to retain independent consultants to conduct a comprehensive review of foreclosure activity in 2009 and 2010 to identify borrowers who may have been financially injured due to errors, misrepresentations, or other deficiencies in the foreclosure process. If the review finds that financial injury occurred, the borrower may receive remediation such as lump-sum payments, suspension or rescission of a foreclosure, a loan modification or other loss mitigation assistance, correction of credit reports, or correction of deficiency amounts and records. Lump-sum payments can range from $500 to, in the most egregious cases, $125,000 plus equity, according to guidance issued by the agencies.
Requesting a review does not preclude borrowers from taking other actions related to their foreclosures. A servicer is not permitted to require a borrower to sign a waiver of the borrower’s ability to pursue claims against the servicer in order to receive compensation under the Independent Foreclosure Review.
There are no costs associated with being included in the review. More information, including how to apply online, is available at http://www.independentforeclosurereview.com
|Federal Reserve||Barbara Hagenbaugh||(202) 452-2955|
|OCC||Bryan Hubbard||(202) 874-5770|