Violation Tracker Individual Record

Company: 
HSBC Bank USA NA
Current Parent Company: 
HSBC
Penalty: 
$470,000,000
Year: 
2016
Date: 
February 5, 2016
Primary Offense: 
mortgage abuses
Violation Description: 

The Justice Department, the Department of Housing and Urban Development and the Consumer Financial Protection Bureau, along with 49 state attorneys general and the District of Columbia's attorney general, reached a $470 million agreement with HSBC Bank USA NA and its affiliates to address mortgage origination, servicing and foreclosure abuses.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Justice Department multiagency referral
Civil or Criminal Case: 
civil
HQ Country of Parent: 
Britain
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
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.