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Joseph A. Smith, Jr. appointed Monitor of Chase RMBS Settlement

On November 19, 2013, the federal government, five states and JPMorgan Chase reached an agreement to settle claims that Chase, Bear Stearns and Washington Mutual packaged and sold bad mortgages to investors before the financial crisis (Chase RMBS Settlement). The Settlement established the role of an independent Monitor to oversee Chase’s completion of its $4 billion in consumer relief obligations.

Read more about the Settlement.