Violation Tracker Individual Record

Company: 
HSBC Finance Corporation et al.
Current Parent Company: 
HSBC
Penalty: 
$6,050,000
Year: 
2010
Date: 
May 13, 2010
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
discriminatory practices (non-employment)
Violation Description: 

HSBC and several of its subsidiaries agreed to pay $6 million to resolve a class action lawsuit alleging discrimination against minority mortgage borrowers.

Level of Government: 
federal
Action Type: 
private litigation
Court: 
District of Massachusetts
Civil or Criminal Case: 
civil
Case ID: 
1:07-cv-11669
Case Name: 
Allen v. Decision One Mortgage Company
Private Lawsuit Resolution Type: 
settlement
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.