JPMorgan Can't Shake Calif. Predatory Lending Class Action

Law360, New York (November 29, 2012, 3:27 PM EST) -- A California federal judge on Thursday denied a bid by JPMorgan Chase Bank NA to dismiss a class action against the bank by homeowners who accuse it of predatory lending practices, citing a recent release by the Office of the Comptroller of the Currency.

JPMorgan claimed in an August motion to dismiss that the court lacked standing to hear the plaintiffs' loan servicing claims against the bank because of a 2011 consent order between JPMorgan and the OCC. The consent order required the banking giant to...
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