HSBC Holdings plc will pay $470 million to settle federal and state allegations of abusive practices in its mortgage business, Colorado Attorney General Cynthia Coffman said Friday.
Colorado borrowers will see some of that settlement from the multinational London-based banking and financial company (NYSE: HSBC), Coffman said. She did not say how much Coloradans will receive.
“This settlement is good news for Colorado borrowers who played by the rules and trusted that a lender would as well,”… …read more
From:: biz journal foreclosures