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J.P. Morgan Chase has agreed to settle for $22.1 million class action lawsuits involving force-placed flood insurance imposed on homeowners in California and New York.

The agreement is the tip of the iceberg in a legal and regulatory settlement of accounts by plaintiff’s lawyers, courts and state regulators stemming from the period beginning 2007 until July 2012 when the housing boom turned into a bust and a number of homeowners throughout the country were unable to pay their mortgages.

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