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Violation Tracker Individual Record

Company: HSBC Bank USA NA
Current Parent Company: HSBC
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $470,000,000
Year: 2016
Date: February 5, 2016
Offense Group: consumer-protection-related offenses
Primary Offense: mortgage abuses
Mega-Scandal: 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 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: (click here)
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.