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US government says HSBC improperly repossessed US Armed Forces members' vehicles

Scott Holland Aug. 10, 2016, 3:54pm

The U.S. Department of Justice has sued HSBC, accusing the prominent lender of illegally repossessing cars belonging to members of the U.S. Armed Forces. 

Cook County's predatory lending actions vs big banks on hold as Supreme Court takes up similar case

Jonathan Bilyk Jul. 29, 2016, 4:46pm

Cook County’s lawsuits against three of the country’s biggest banks over claims of predatory discriminatory lending targeted at minorities have been put on hold as the U.S. Supreme Court prepares to weigh in on an appeal brought by two of the banks, challenging the ability of local municipal governments, like Cook County, to sue under federal law.

HSBC to pay $470 million for mortgage abuses, but not enough, says foreclosure defense law association

Paul Glasser Mar. 3, 2016, 5:52pm

A leading foreclosure defense attorney said a recent regulatory settlement with mortgage lender HSBC is only a slap on the wrist.

Judges disagree if county can sue, but appeal won't slow Cook's predatory lending suit vs HSBC

Dan Churney Feb. 1, 2016, 4:18pm

A Chicago federal judge will not slow down Cook County’s predatory lawsuit against HSBC, denying a request from HSBC to place the county’s legal action on hold to allow a federal appeals court to iron out differing opinions among local federal judges as to whether the county actually has standing under federal law to sue HSBC and other banks over allegations the banks discriminated against borrowers based on race and worsened local housing markets.

Cook County cleared to continue predatory lending, discrimination lawsuit vs HSBC

Jonathan Bilyk Oct. 6, 2015, 5:37pm

Cook County has standing to bring a legal action against banks for alleged racially discriminatory and predatory lending practices, meaning one of the country’s largest lenders will need to continue to mount its defense against the lawsuit in court, a federal judge has ruled. In an opinion issued Sept. 30 in federal court in Chicago, U.S. District Judge John Z. Lee brushed aside arguments advanced by British bank HSBC Holdings Plc in its bid to derail Cook County’s lawsuit brought under the fed