HSBC Finance Corporation (successor in interest to HSBC Auto Finance, Inc.) recently entered into a settlement with the United States Department of Justice regarding alleged violations of the Servicemembers Civil Relief Act (“SCRA”). In connection with this settlement, you may have been identified as a person who may have been eligible for SCRA protection when your vehicle was repossessed without a court order. If you complete and return the declaration and release mailed to you and are found to be eligible under the settlement, you will receive a payment
You may have already received a similar letter from Santander Consumer USA, Inc. as part of a settlement that it entered into with the United States Department of Justice. You may participate in both settlements.
We understand this may be the first time you have heard of HSBC Finance Corporation. The settlement involves loans made under a different name. The name of the lender does not affect your eligibility.
If you have any questions concerning the declaration, release, or settlement, you can contact the Settlement Administrator by calling 1-888-254-9242 or emailing info@HFC-SCRASettlement.com.