February 21

Recent Compliance Issues: 2/5/16 – 2/18/16

1. Mortgage lender and servicer HSBC agreed to pay more than $4 million to resolve allegations it received commissions and kickbacks on force-placed insurance policies it obtained for Massachusetts homeowners. As part of the agreement, HSBC will pay $2.675 million directly to the affected homeowners and another $1.4 million will be paid to the state..