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JPMorgan Chase Six-State Interest on Escrow Settlement

JPMorgan Chase is settling a class action alleging it did not pay interest on escrow accounts where it was holding homeowners’ advance payments related to mortgages it was servicing, such as payments for property taxes and homeowner’s insurance. The states include Connecticut, Maryland, Minnesota, New York, Rhode Island, and Wisconsin.  Read more

Toy House, Piles of Coins, Paperwork for Mortgage

Citizens Bank Interest on Mortgage Escrow Accounts Multi-State Class Action

In certain states, mortgage lenders may be required to pay borrowers interest on their escrow accounts, where payments for taxes and insurance are held until they’re paid once a year. The complaint for this class action alleges that Citizens Bank, NA violates laws in Rhode Island and other states by not paying its mortgage borrowers  Read more

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