United States v. HSBC Auto Finance (N.D. Ill.)

On August 8, 2016, the United States filed a complaint and a consent order in United States v. HSBC Auto Finance (N.D. Ill.).  The complaint alleges that HSBC is responsible for the repossession of 75 automobiles between 2008 and 2010 from protected servicemembers without obtaining court orders, in violation of SCRA Section 3952.  The consent order requires HSBC to provide $434,500 in compensation to the victims of illegal repossessions. The court entered the consent order on August 18, 2016.

Press Release (8/8/16)