Violation Tracker Individual Record
Date:February 18, 2016
Offense Group:consumer-protection-related offenses
Primary Offense:consumer protection violation
HSBC agreed to pay $4 million in settlement of allegations it received commissions and kickbacks related to improper force-placed insurance policies.
Level of Government:state
Action Type:agency action
Agency:Massachusetts Attorney General
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.