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HSBC hit by New York state suit over alleged failure to protect homeowners

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Attorney general says homeowners 'stuck in a legal limbo' thanks to bank's failure to give chances for loan modifications A HSBC branch in midtown Manhattan. Photograph: Mike Segar/Reuters HSBC ignored a law designed to protect struggling homeowners and in doing so put them at greater risk of losing their homes, according to a lawsuit filed against the British bank by the state of New York on Tuesday. The New York attorney general, Eric Schneiderman, said an investigation...

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