Violation Tracker Individual Record

Company: 
HSBC
Current Parent Company: 
HSBC
Penalty: 
$59,500,000
Year: 
2016
Date: 
February 5, 2016
Offense Group: 
financial offenses
Primary Offense: 
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 https://violationtracker.goodjobsfirst.org/violation-tracker/-hsbc-bank-...

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 Parent: 
United Kingdom
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
Link to PACER Case Docket (must be logged in): 
Link to Archived Court Document: 
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.