Mexico seems to have higher standards than the U.S. when it comes to credit cards, saying what everyone lese already knows. U.S. lawmakers once said HSBC credti card terms are onerous, and as close to illegal as possible without being illegal. Mexico puts it a different way:
The Mexican unit of HSBC bank earned a failing grade in a recent study looking at credit card transparency, a consumer watchdog said on Wednesday.
HSBC ranked lowest in the review of 18 banks that looked at the contracts clients must agree to, banks’ websites, credit card statements, and credit card advertisements, according to Condusef, the government’s financial products watchdog.
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