JP Morgan Chase has agreed to pay $45 million to resolve allegations that the bank defrauded veterans by charging them impermissible fees on home mortgage refinancing transactions.

This case was initiated in 2006 by two mortgage brokers against several of the nation’s largest mortgage lenders.  Suits are still pending against Wells Fargo Bank, Bank of America, CitiMortgage, Suntrust Mortgage, Washington Mutual Bank, PNC Bank, Countrywide Home Loans, Mortgage Investors Corp, and First Tennessee Bank.

Read the entire article, “Settlement reached in veterans mortgage fraud suit”