Chase Bank Agrees To Pay Homeowners’ $11.5M to Settle Escrow Interest Class Action Lawsuit

As reported by Law360 (subscription), JPMorgan Chase Bank has agreed to pay $11.5 million to settle a lawsuit filed by Lieff Cabraser and co-counsel on behalf of a proposed class of homeowners’ alleging that the banking giant failed to pay interest on funds held in escrow for mortgages as required by New York state law.