April 25, 2019
While a deal was reached nearly a year ago, HSBC and one of its customers have finally filed a motion for approval of a settlement that would have the bank repay defaulted borrowers who were automatically charged certain fees.
March 30, 2017
A New York federal court on Thursday trimmed a putative class action accusing HSBC Bank USA NA and PHH Mortgage Corp. of allegedly using an automated system to charge defaulted customers with unnecessary, cryptic fees, tossing fraud claims, but keeping alive breach of contract claims.
September 03, 2015
Mortgage borrowers in New York federal court on Wednesday hit HSBC Bank USA NA., PHH Mortgage Corp. and various affiliates with a putative class action alleging they used an automated system to systematically charge defaulted consumers with unnecessary "property protection" fees.