
The United States Attorney for the Southern District of New York and the Federal Housing Finance Agency announced that the United States settled civil fraud claims under the False Claims against HSBC Bank USA N.A., HSBC Finance Corporation, HSBC Mortgage Corporation (USA), and HSBC Mortgage Services Inc. Related to what was said to be hsbc's failure to oversee the reasonableness of foreclosure-related charges submitted to the Federal Housing Administration and the Federal National Mortgage Association for reimbursement. For more info visit https://www.justice.gov/usao-sdny/pr/manhattan-us-attorney-settles-civil-fraud-claims-against-hsbc-bank-failure-monitor-fees