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HSBC reaches $470M deal with US, states over banking abuses

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Mortgage Professional America | 08 Feb 2016, 06:30 AM Agree 0
Banking giant HSBC has reached a $470 million settlement with the federal government and nearly all states over mortgage lending and foreclosure abuses that officials say contributed to the country's economic meltdown, the Justice Department announced Friday
  • cheryl m | | 08 Feb 2016, 12:17 PM Agree 0
    Barclays was helpful, let's not forget that; got a minimal fine and settled...and the consumer, those who lost their home from fraudulent servicing using foreclosure threats got nothing. Another example of too big to fail. oh well, no news here. Wonder how the DOJ Civil division, hud and cfpb are doing with the same case attributes and Chase? "Breaking News." Chase settles pay a fine and... well we all know the rest...
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