Household HSBC Watch

The alure of the new lineup from Hewlett Packard might look intriguing at Best Buy, but Household Watch has over 1600 horror stories in the consumer reports database, the large majority of which concern possible questionable dealings between predatory lender Household International (HSBC) and Best Buy.

Our suggestion: “Don’t finance your new HP system through […]

Yasuo Takei, founder of Japan’s top consumer finance firm and Japan’s second-richest man took more than three decades to turn a lending operation aimed at cash-starved housewives into a $10 billion company that prides itself on its ethical standards in a sector rife with shady operators.

It took just nine months for the business […]

Household Watch has yet to determine how much of United States Predatory lender Household International is marketed worldwide by HSBC. It is wise for consumers to study the contrast between Household’s $484 million (USD) settlement for predatory lending in the United States and business models announced elsewhere by HSBC.

Often a business entity will search […]

It is interesting to Household Watch that former CEO of predatory lender Household International and now Chairman of HSBC Holdings USA William Aldinger sits on the board of MasterCard.

Perhaps Aldinger’s Household Retail Services has done enough to give Master Card a black eye. Recent developments in Bahrain revealed an agreement with HSBC, Visa, and […]

August 29, 2004
By: Household - HSBC Watch
In figures released today, just prior to the Republican National Convention, Bush’s approval rating on the war on terror was just above 50%. On handling the economy, however, Bush has a 30% approval rating. This comes on the heels of Alan Greenspan’s warning about the future of […]

Joining a growing number of states in the battle against predatory mortgage lending, Massachusetts enacted a strong anti-predatory lending law earlier this week. The new law passed with overwhelming bipartisan support and with the endorsement of both mortgage industry trade groups and consumer and civil rights advocates.

Among the law’s significant provisions:
Triggers strong […]

By TIMOTHY J. GIBBONS
timothy.gibbonsjacksonville.com, (904) 359-4103
The Times-Union
Household International Inc. is shutting down its automotive finance division in Jacksonville, laying off the 119 call center employees who work there.

The shutdown will not affect the company’s two other divisions, which handle private-label credit cards and tax-refund anticipation loans. Those divisions — retail services and refund […]