Credit-Card Holders Seek Cert. In HSBC Late Fee Spat

Law360, New York (December 23, 2009, 3:35 PM EST) -- HSBC Bank USA NA customers alleging that the bank charged late fees to those who made their payments on time via first-class mail, despite its promise to register payments based on receipt date, have moved for class certification.

The plaintiffs, all former or current HSBC credit-card holders, filed a motion for class certification Tuesday in the U.S. District Court for the Central District of California.

“This case is ideally suited for class treatment because each class member's claims arise from uniform promises communicated in cardholder agreements...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.