$96M
Foreclosure
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Case Details
HSBC paid $96 million in cash compensation to over 110,000 American homeowners and $153 million in mortgage relief for unjustly foreclosing on homes due to improper practices like 'robo-signing'.
Additional Notes
The settlement also included $153 million in mortgage relief. Individual homeowners received compensation ranging from several hundreds of dollars to $125,000. This settlement was part of a larger deal with 12 other banks, totaling $9.3 billion.
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