news.cuna.org/articles/108992-inside-washington

Inside Washington

January 7, 2016

WASHINGTON (1/7/16)--The Office of the Comptroller of the Currency (OCC) announced Wednesday it terminated mortgage servicing-related consent orders against JPMorgan Chase Bank and EverBank, and assessed a total of $49 million in civil money penalties for previous violations of the orders. The OCC found that JPMorgan violated a 2011 consent order from Oct. 1, 2014 through June 30, 2015 and further found that, between Dec. 1, 2011 and Nov. 19, 2013, JPMorgan engaged in filing practices that did not comply with bankruptcy rules and constituted unsafe or unsound banking practices. The OCC also found that EverBank violated the 2011 consent order by improperly charging fees to approximately 47,000 borrowers. The OCC is terminating the consent orders against these banks because it determined that the institutions now comply with the orders…