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About the Chase RMBS Settlement
The Settlement established the role of an independent Monitor to oversee Chase’s completion of its consumer relief obligations. Chase must file quarterly reports with the Monitor to detail its progress, which the Monitor will then report to the Settlement parties and the public.
As Monitor, Joseph Smith will oversee Chase’s obligation to provide $4 billion of relief to distressed borrowers. The Monitor and his team will test Chase’s activities to determine if and when the bank has fulfilled its requirements under the settlement. The Monitor will communicate on Chase’s consumer relief progress through reports he will submit to the U.S. Department of Justice and then release to the public.
Logos and graphics
Chase RMBS Settlement logos
Joseph A. Smith, Jr. Monitoring logos
Chase RMBS Settlement Breakdown graphic: