L.A. sues JPMorgan Chase, alleges predatory home loans to minorities

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"L.A. continues to suffer from the foreclosure crisis -- from blight in our neighborhoods to diminished revenue for basic City services," L.A. City Atty. Mike Feuer said in a statement. "We're fighting to hold those we allege are responsible to account and to help bring back every community in our City."

Late last year, Feuer filed similar suits against Wells Fargo & Co., Citigroup Inc. and Bank of America Corp. Those banks, some of the nation's largest, have all denied the charges.