Violation Tracker Individual Record

Company: 
HSBC Finance Corporation
Current Parent Company: 
HSBC
Penalty: 
$434,500
Year: 
2016
Date: 
August 8, 2016
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
Servicemembers Civil Relief Act
Secondary Offense: 
consumer protection violation
Violation Description: 

HSBC Finance Corporation, as successor to HSBC Auto Finance Inc., agreed to pay $434,500 to resolve allegations that it violated the Servicemembers Civil Relief Act by repossessing 75 cars owned by protected servicemembers without obtaining the necessary court orders.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Justice Department Civil Rights Division
Civil or Criminal Case: 
civil
HQ Country of Parent: 
United Kingdom
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.