Saturday, October 29, 2022

HSBC Settles Lawsuit For Charging NSF Fees Repeatedly Now $650000 In Attorneys Fees

 

By Matthew Russell Lee, Patreon Maxwell book
BBC Honduras - CIA Trial book - NY Mag

SDNY COURTHOUSE, Oct 21 – HSBC was sued for charging its customers multiple NSF fees for the same item, driving their account balances deeper into negative territory. HSBC settled.

  On October 20, 2022, U.S. District Court for the Southern District of New York Judge Edgardo Ramos held a proceeding. Inner City Press covered it.  

Judge Ramos inquired, then found the settlement to be fair. It provides $1,975,000 with $658,333.33 in attorneys' fees. The Class Representative is to get $5000.

The case is Chambers v. HSBC Bank USA, N.A., 19-cv-10436 (Ramos)

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