NAACP members are raising awareness about lending discrimination at 17 lending institutions. HSBC released the following statement regarding the NAACP to Eyewitness News: “HSBC Finance Corporation does not comment on litigation. However, at HSBC Finance Corporation, we take our fair lending and consumer protection practices very seriously, and we are confident that we […]
It looks like HSBC’s Household International could have more company in terms of predatory lenders. The Massachusetts attorney general’s office has sued Fremont Investment and Loan, once the state’s second-largest subprime lender, accusing it of using predatory lending practices to sell loans to some borrowers who eventually lost their homes or had to […]
LOS ANGELES, July 11 - The National Association for the Advancement of Colored People (NAACP) on Wednesday filed a class action lawsuit against 14 subprime mortgage, lenders alleging they engaged in institutionalized, systematic racism.
Lenders named in the lawsuit, filed in a Los Angeles federal court, include Ameriquest, Wells Fargo & Co, Fremont General Corp, Countrywide […]
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An open letter to HSBC, Knight Vinke and Stephen Green
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