Many other countries have not gotten down to the dirty task of lending money for housing to people who can’t afford it and then financially leveraging the loans to create billions in false value. That’s what the U.S. has done and it has the potential to impact people around the world. The U.S. subprime market […]
EZ in North Carolina said this about an HSBC CD: “In May HSBC was running a 3-month CD promotion with 5.25% APY. I opened a 3-month CD and a person in HSBC even helped me transfer the money. However, when I looked at my account later, the interest is only 2.76 percent. I contacted […]
“The curtain has yet to close, but if you listen closely you can hear the fat lady warming up in the wings. It has been one hell of a show, but there will be no encore. For those holding toxic mortgage paper there is nothing left to do but sue. However, even those who do […]
As HSBC Finance begins to crumble people should understand the history of predatory lending with an emphasis on Household International and HSBC Finance. Our case study is found on eBay, and proceeds support the Household - HSBC Watch watchdog program and keep their volunteers busy instead of getting real jobs like being the greeter […]
CM in New York reports: “My HSBC account is receiving only Social Security and pension funds, but was improperly frozen because the Social Security check deposit was mischaracterized as a cash deposit. HORRIBLE HSBC customer service!”
SP in China says: “I have banked with HSBC and never found a bank that is more rigid in their policy as this company. Situation: I do all banking via internet, but for some reason the system locked me out. Called to unlock the account and they said that they cannot unlock […]
A few years ago our team at Household - HSBC Watch defined predatory lending as “the practice of imposing inflated interest rates, fees, charges, and other onerous terms on home mortgage loans not because the imperatives of the market require them, but because the lender has found a way to get away with them.”
Looking back […]
A North Carolina resident reports: “I have had my credit card with hsbc for almost three years. I have never been late on any payments. I notice that I keep getting charged annual fees more than once in a year for the amount of 39.00. I have been charged an annual fee twice within […]
An open letter to HSBC, Knight Vinke and Stephen Green
Relax - at Truman lake in Warsaw Missouri - see our slide shows
We monitor customer trends for possible violations of Regulation Z and other possible illegal actions.
We use your individual HSBC complaints and merchant complaint reports to perform trend analysis.
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