➤Fraud Report – HSBC Holdings Plc, Sued by U.S. Customers, Fraud Over Credit-Card Protection Plan

Units of HSBC Holdings Plc, Europe’s biggest lender by market value, were sued by U.S. customers who said the bank’s – credit card payment protection service – defrauds disabled, retired and unemployed consumers. While the service purports to safeguard accounts by suspending or canceling required minimum payments when customers become disabled or unemployed, the circumstances [...]