JPMorgan paid dozens of women less than men: lawsuit

JPMorgan paid dozens of women less than men: lawsuit

A JPMorgan Chase office in New York City.

The suit came on the same day J.P. Morganagreed to a $55 million settlement with thegovernment over allegations that it discriminated against "thousands" of African Americanand Hispanic mortgage borrowers. The bank's independent brokers charged minority borrowers higher mortgage interest rates and fees compared to "similarly situated white borrowers," said the government lawsuit filed in New York federal court.

The two suits take some shine from recent accolades received by the bank for its diversity efforts. CEO Jamie Dimon has said maintaining a diversity and inclusive workplace "is not only the smart thing to do it's the right thing to do."



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