Tag Archives: Military members may get six-figure payday for wrongful foreclosures

Major banks will reimburse military servicemembers for any wrongful foreclosures done in the past five years. JPMorgan Chase ($38.47 0.47%), Wells Fargo ($31.09 0.72%), Citigroup ($32.92 0.21%), and Ally Financial ($23.78 0.18%) will resolve Servicemembers Civil Relief Act claims in connection to the wider $25 billion foreclosure settlement, U.S. Assistant Attorney General Thomas Perez said in a speech Friday. These four banks will conduct a review overseen by the Justice Department to find any foreclosure violations of SCRA since Jan. 1, 2006. Wells, Citi and Ally will pay a military […]