HSBC Settles Consumer Fraud Lawsuit for $23.5 Million
HSBC Bank USA has agreed to pay $23.5 million to settle aconsumer fraud lawsuit that accused the company of deceiving its customers by enticing them to sign up for credit card insurance policies or enrolling them without their consent. According to Law360 (subscription required), the class action claimed that HSBC purposely lied to consumers and signed them up for payment protection either without their knowledge or by telling them