I just read yesterday that HSBC is getting on bard as well. I have a Direct Merchants Bank card from HSBC that was also in the settlement program..I sent them a copy of the article today and stated I was no longer paying, as Capital One forgave my debt,(even though I'm trying to get my last 2 payments back from Capital One, as my file was closed before I mailed the payments!) and they are doing the same. Again, let's go, WaMu! One word of advice, make lots of phone calls, cuz noone is going to notify you to stop paying unless you are persistent!