Household HSBC Watch

HSBC and wholly owned subsidiary Household International still make the borrower submit to binding mandatory arbitration. CitiGroup does so as well.

While Household - HSBC contends that binding arbitration makes it easier for the consumer to get results and “funds” it does not look at the statistical results of binding arbitration.
Similar to knowing which cards […]

A lawyer was arrested after he took his desktop personal computer to a repair technician at a Best Buy store. After seeing digital files with such titles as “Lolita.fk01.jpg” and “teensteensteens.jpg,” the technician suspected child pornography and called police.

Is this a violation of your privacy? Does an employee of Best Buy need to search […]

Best Buy Co. Inc., the Richfield-based retail giant, recently ran afoul of two state attorneys general over rebate issues. In May 2004, without admitting wrongdoing, the company settled with New Jersey’s attorney general for $133,000 over claims that it failed to honor rebates.

In August, Ohio’s attorney general sued Best Buy, accusing the company of failing […]

Hongkong and Shanghai Banking Corporation (HSBC), the parent company of predatory lender Household International, is making inroads into the United States. Already a banking giant with locations around the world, HSBC purchased Household International and therefore accepts the responsibility for the once troubled lender.

Allegations in one of most recently settled lawsuits against Household (Shea […]

Among the court records in Henry County Indiana, below the rapists, molesters, DUI’s and other cases, we found this:

American General Finance vs. Household Finance Corp. III, mortgage foreclosure, plaintiff entitled to default judgment, defendant barred and foreclosed forever of all right, title and equity in real estate.
The interesting thing about a second mortgage is the […]

Long-term rating of Household (Household International, a wholly owned subsidiary of HSBC) will be driven by the completion of the planned transfer of credit card receivables in 2004 to HSBC Bank USA and the resulting capital plans for Household, in conjunction with HSBC.

Household Watch points out the names of subsidiaries, found in Google’s news about Brian Zemple:
Brian Zempel was named managing director of HSBC’s business solutions group, the commercial side of HSBC’s retail services business.

HSBC business solutions group focuses specifically on the business-to-
business financing needs of North American companies that operate through
distributorships, catalogs, Internet and traditional retail […]

TESTIMONY OF
ELIOT SPITZER
NEW YORK ATTORNEY GENERAL
BEFORE THE ASSEMBLY STANDING COMMITTEE ON BANKS
REGARDING THE
OFFICE OF THE COMPTROLLER OF THE CURRENCY’S
PREEMPTION OF STATE CONSUMER PROTECTION LAWS

New York, New York
April 16, 2004
Good morning.
I want to thank Chairwoman Nolan and the other members of the Banking Committee for convening this hearing on a topic that is […]

Dillard’s went with GE, not Household International, a wholly owned subsidiary of HSBC. Reports that GE Consumer Finance does not suffer the tarnished image one associates with Household have not been verified but Household Watch suspects the reports are true.

Federated Department Stores Inc. said it plans to keep its credit card business, including the […]

Saks, which now has a contract with Household Retail Services, the predatory lending subsidiary of HSBC, posted a loss for the second quarter of 2004.

Although sales were up, Saks stock is down. Saks rating was changed to “sell.” Seems the public got the idea before Birmingham Alabama based Saks did. Bad idea […]