When You Hear $13 Billion, Don't See Dollar Signs

Nov 21, 2013

Thirteen billion dollars is a lot of money, but it's not going to add up to a huge windfall for many consumers.

Thousands of homeowners will receive significant financial relief under the terms of a $13 billion settlement with JPMorgan Chase & Co. that was announced Tuesday by the Justice Department. But the bulk of the funds will be going either to investors or government coffers.