Friday, June 17, 2016

HSBC pays $1.6 billion to end 14-year #mortgage-lending lawsuit

After 14 years, HSBC is finally settling a shareholder class action lawsuit. The lawsuit stems from questionable #mortgage lending undertaking more than a decade ago from the Household International consumer finance business that HSBC bought in 2003, according to an article by Jonathan Stempel for Reuters. http://www.housingwire.com/articles/37304-hsbc-pays-1575-billion-to-end-14-year-mortgage-lending-lawsuit ❤️ #share #mortgage



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