HSBC Watch News Release Forum Index
Forum Name: - Leadership Changes
Topic Title: Strong Arm Predatory Tactics Pay Off for Aldinger
Tue Apr 19, 2005 10:06 am
On March 28, 2003 Household International was acquired by HSBC. The acquisition was controversial: Household International had, in October 2002, settled for $486 million charges of predatory lending by attorneys general in 46 U.S. states. Household International's CEO William Aldinger became the highest-paid director in the United Kingdom, before announcing his departure in February 2005. HSBC is expanding the Household International high-cost consumer financial model to Brazil, India and elsewhere.
Ushered into retirement in April 2005, a litany of new jobs could be suggested for this King of Predatory Lending, including a cameo role in Capital One's famous "No" commercial. US consumers want regulators and attorneys general to take action against Aldinger and Aldinger's former employer HSBC on a scale similar to Enron. Regardless, when generations to come Google for predatory lending, racketeering, elder abuse, evictions, foreclosures, consumer scams, and other keywords William F. (Bill) Aldinger will be at the top of search results. Household - HSBC Watch exposes Aldinger in the 20 page report on the history of predatory lending.
Tue Apr 19, 2005 12:48 pm
My monthly bill consistently arrives around the 15th when it is supposedly mailed on the 1st. Also, I have been penalized with late fees for mailing payment around the 15th - 18th of each month.
We monitor customer trends for possible violations of Regulation Z and other possible illegal actions.