AT&T Corp. said Thursday it will unleash the biggest ad campaign in the company’s 120-year history to strengthen its famous brand name. The old Ma Bell was recently acquired by SBC Communications Inc. in a $16 billion deal. SBC, itself once part of the old AT&T, then took on the AT&T name. The new AT&T is now the largest phone company in the United States.
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The Utah Attorney General explains:
Two real-estate secured loans made at or near the same date to the same consumer (“split loans”, or “loan-splitting”): Plaintiffs allege that such loans were made through unfair and deceptive means, including, but not limited to, misrepresentations or omissions concerning the number of loans, misrepresentation of the benefits of refinancing and debt consolidation with the high-cost split loans; use of the second loan as a result of the high amount of points and fees financed as part of the primary loan; and as a means to make high loan-to-value mortgage loans which had the effect of preventing borrowers from seeking to refinance with lower rate lenders.
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HSBC Bank Plc came under fire for abusing the United States military, primarily through HSBC Finance Corporation which is former predatory lender Household International. Specific complaints of abuse come as no surprise to Household – HSBC Watch consumer advocates. The watchdog organization performs trend analysis, a project that charts detailed complaints over time. “We completely substantiate the claims of those that blew the whistle on HSBC, having validated those claims for over four years” said the group.
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We enter Barry Rodrigues in the ‘quotable quotes’ section of Household – HSBC Watch for his gloss on HSBC’s subsidiary HSBC Finance Corporation. Leaving out some key points Rodrigues said:
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Legal Info
Household HSBC Watch is a watchdog and consumer advocacy organization.
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.
We are not associated with HSBC, Household International, or their merchants.
Some items are used by permission granted in the Fair Use guidelines of the 1976 U.S. Copyright Act.
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