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Company: HSBC
Current Parent Company:
HSBC
Parent at the Time of the Penalty Announcement:
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Penalty: $59,500,000
Year: 2016
Date: February 5, 2016
Offense Group: consumer-protection-related offenses
Primary Offense: mortgage abuses
Mega-Scandal:
Mortgage Abuses
Violation Description: HSBC agreed to pay $59.5 million to resolve multistate litigation concerning mortgage origination, servicing and foreclosure abuses. This was part of a larger $470 million settlement that also involved the federal government; see the Violation Tracker entry at
(click here)
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Court: District of the District of Columbia
Civil or Criminal Case: civil
Case ID: 1:16-cv-00199
Case Name: United States of America et al. v. HSBC North America Holdings Inc.
HQ Country of Current Parent: United Kingdom
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data:
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Link to PACER Case Docket (must be logged in):
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Link to Archived Court Document:
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Source Notes: If an online information source is not working, check the Violation Tracker
Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.
