HSBC is to add $30m to the $2m it previously agreed to settle a lawsuit regarding overdraft fees, thereby placating two law firms who had objected to the original deal; this ends a long dispute over allegations HSBC USA manipulated checking transactions to boost charges for overdrawn accounts.
HSBC USA is to add $2m to the $30m it previously agreed to settle a lawsuit regarding overdraft fees, thereby placating four law firms who had objected to the original deal; this ends a long dispute over allegations HSBC manipulated checking transactions to boost charges for overdrawn accounts.