bbc.co.uk
June 4, 2013
HSBC is being sued by the state of New York for allegedly ignoring a law designed to protect US homeowners from losing their houses.
HSBC’s “illegal business practices make it more likely that homeowners will unnecessarily lose their homes,” the lawsuit states.
It accuses Europe’s largest bank of being too slow to file paperwork in 300 foreclosure cases in New York state.
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