Los Angeles has sued the financial giant JPMorgan Chase over allegations of targeting people of color with predatory loans. Prosecutors say JPMorgan has engaged “in a continuous pattern and practice of mortgage discrimination by imposing different terms or conditions on a discriminatory and legally prohibited basis.” Foreclosures that came out of JPMorgan’s alleged practices helped trigger a wave of foreclosures in Los Angeles. The city is seeking compensation for losses in tax revenue and property costs. Similar suits have previously been filed against the firms Wells Fargo, Citigroup and Bank of America.