LANSING (AP) — Michigan is getting more than $3.5 million as part of banking giant HSBC’s $470 million settlement with states and the federal government over mortgage lending and foreclosure abuses.
State Attorney General Bill Schuette announced Michigan’s share of the settlement on Monday.
The money will provide direct payments to borrowers for past foreclosure abuses, loan modifications and other relief for borrowers in need of assistance.
Officials say the lending and foreclosure abuses helped intensify the country’s economic meltdown.
- Posted February 10, 2016
- Tweet This | Share on Facebook
Michigan to receive more than $3.5M from settlement
headlines Macomb
- Sharing some holiday cheer
- MDHHS shares latest MISEP update demonstrating strong progress and improvements made in keeping children safe
- Task force investigations result in two men arraigned on charges including armed robbery, conducting a criminal enterprise
- Law firm honors local teacher as Exceptional Educator of the Month
- Nessel announces settlements with Lannett and Bausch approaching $18M over conspiracies to inflate prices and limit competition
headlines National
- Inter American University of Puerto Rico School of Law back in compliance with ABA standard
- Chemerinsky: The Fourth Amendment comes back to the Supreme Court
- Reinstatement of retired judge reversed by state supreme court
- Mass tort lawyer suspended for 3 years for lying to clients
- Law firms in Minneapolis are helping lawyers, staff navigate unrest
- Federal judge faces trial on charges of being ‘super drunk’ while driving
