A US judge has ruled that HSBC must face a lawsuit accusing the bank of violating the US Fair Housing Act by engaging in predatory mortgage lending in Chicago, after rejecting the company's appeal to dismiss the March 2014 lawsuit. The ruling came on Friday and was made public at an afternoon press conference. Law360 provides the intelligence you need to remain an expert and beat the competition. HSBC has declined to comment.
A US judge has ruled that HSBC must face a lawsuit accusing the bank of violating the US Fair Housing Act by engaging in predatory mortgage lending in Chicago, after rejecting the company's appeal to dismiss the March 2014 lawsuit. The ruling came on Friday and was made public at an afternoon press conference. HSBC has declined to comment.