JPMorgan ruling is a $9.8M reminder about gender pay bias.

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As a holder of federal contracts, financial firm JPMorgan Chase must comply with Office of Federal Contract Compliance Programs rules that say it must pay men and women equally. The OFCCP accused the company of "systemic compensation discrimination against female employees," saying at least 93 women were paid less than men doing the same work in the same department.

JPMorgan Chase agreed to settle, paying about $12,000 each in back pay and interest. Another $9 million will go to pay adjustments for all female and minority employees over the next five years...

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