Mealey's Banking & Finance - Nonprofit Challenges Justice Department's Record Settlement With Chase

Mealey's Banking & Finance - Nonprofit Challenges Justice Department's Record Settlement With Chase

WASHINGTON, D.C. - Nonprofit financial reform group Better Markets Inc. on Feb. 10 sued the U.S. Department of Justice in the U.S. District Court for the District of Columbia to stop JPMorgan Chase & Co.'s record $15 million settlement with the DOJ for its alleged misrepresentative mortgage-backed securities offerings because the settlement was not reviewed or approved by a court (Better Markets Inc. v. United States Department of Justice, et al., No. 14-0190, D. D.C.).

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