HSBC Bank Must Pay $550,000 in Attorney Fees in Fair Credit Case

HSBC Bank USA will have to pay more than half a million dollars in attorneys fees as part of a credit card fraud case settlement, because inflation and other factors have led hourly lawyer rates “to climb upward in fits and starts,” a federal judge said.

HSBC must pay about $550,500 in attorneys’ fees, plus another $21,000 in taxable costs and non-taxable expenses, to settle the Fair Credit Reporting Act claims of David Rubin, who alleged the bank—and two large credit reporting agencies he previously settled with—violated the law by failing to conduct a proper investigation of his dispute.

“Times ...