NC consumers to receive portion of $470M settlement with HSBC

February 5, 2016 6:26 PM

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North Carolina consumers are expected to receive a portion of a $470 million accord announced Friday with HSBC Holdings Plc to end U.S. probes into allegations of foreclosure abuses by the London-based financial services company.

The settlement resolves claims of abusive practices, such as robo-signing, that may have deprived struggling borrowers of opportunities to keep their homes. HSBC reached the settlement with the U.S. Justice Department, federal housing and consumer protection regulators and 49 states as well as the D...

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