BofA, JPMorgan Say $25B Mortgage Pact's Terms Fulfilled

Law360, New York (August 22, 2013, 7:14 PM ET) -- Bank of America Corp. and JPMorgan Chase & Co. say they have fulfilled their consumer relief duties under last year's landmark $25 billion mortgage settlement and have stopped reporting how much relief they have provided in the second quarter of 2013, according to a report Thursday.

The settlement required the banks to self-report how much relief they have been providing consumers, and Bank of America and JPMorgan said in May that they have already fulfilled their obligations, according to the report by Joseph Smith, the monitor...
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