JPMorgan Chase on Track to Pay $4 Billion Settlement

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JPMorgan Chase is on track to pay the $4 million it owes to homeowners as part of a settlement it reached in 2013, independent monitor Joseph Smith confirmed on Thursday.

According to Smith, Chase has already shelled out $2.2 billion, with two years remaining to pay back the final $1.8 billion.

“We are seeing steady progress from Chase,” Smith told Reuters, noting that the bank may even meet its goal ahead of schedule.

Image via flick/Thomas Belknap

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