Recent News About Hsbc
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Cook County wants to know the arrangements between Wells Fargo and former county officials, whom the bank hired as consultants to help fight the county's suit, which alleges Wells Fargo contributed to the post-2008 mortgage crisis by its discriminatory lending practices.
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A federal judge has refused Cook County's request to sanction Bank of America attorneys in suit alleging the bank made discriminatory loans
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Wells Fargo presses attack in defense against Cook County's lending discrimination claims, even as city of Miami, Fla., dropped similar lawsuits earlier this year.
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County can't shield the information sought by the bank, accused of worsening foreclosure crisis through alleged discriminatory lending practices.
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The judge says the county's tax loss claims remain 'too remote' to fix on Bank of America.
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Cook County says it lost potential tax money during the foreclosure crisis, so it doesn't matter if its actual tax collections didn't drop. It wants Bank of America to pay, because it blames some of the foreclosures on alleged discriminatory lending practices.
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Cook County cites irreparable conflict in 'drastic remedy' request
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A federal judge says Cook County will need to show why Bank of America should be made to pay the county for lost tax revenue amid the foreclosure crisis, when the county didn't actually lose any tax money.
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Wells Fargo has accused Cook County of "cherry-picking" which documents it discloses, to obscure how much money the county may have collected from processing home foreclosures.
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A federal judge has allowed a lawsuit brought by three plaintiffs who allege a foreclosure property management company violated federal and Illinois state laws for the way the company treated them and their property when the owner fell behind on payments.
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The plaintiffs behind a class action complaint against CVS Pharmacy and its MinuteClinic, which alleges flu shot reminder calls were actually illegal robocalls, are asking a federal judge to sign off on a $15 million settlement.
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A Chicago federal magistrate judge has ordered Cook County officials who are suing Bank of America for allegedly discriminatory lending to tell the bank when they learned of a similar suit by the State of Illinois, which the bank believes will show some of the county's claims are barred by the statute of limitations.
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Ten months after a Chicago federal judge allowed Cook County to continue with a small portion of its foreclosure discrimination lawsuit against Wells Fargo, the lender has accused the county of blocking its ability to mount its defense by attempting to stop it from interviewing officials in the Cook County court system.
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Mayer Brown announced today that Megan S. Webster has joined the firm’s Litigation & Dispute Resolution practice as a partner.
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A federal judge in Illinois has ruled that Bank of America and other banks were not in violation of consumer privacy acts and dismissed a class-action suit accusing the bank of improperly distributing the confidential information of homeowners who had borrowed mortgage loans.
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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.
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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.
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A leading foreclosure defense attorney said a recent regulatory settlement with mortgage lender HSBC is only a slap on the wrist.
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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.
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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
