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Archive for January, 2005

80 Cents Notifies Chairman John Bond

Only 80 cents airmail postage from the United States gets your letter to HSBC in England. Notify the Chairman of your complaint using this address, according to advocates at Household - HSBC Watch.

HSBC World Headquarters
Attn: Sir JohnBond
8 Canada Square
E14 5HQ London England
Household - HSBC Watch also asks consumers to mention their website when […]

HSBC Interactive Voice Response Errors Cause Late Accounts

Customers have reported to Household - HSBC Watch that errors on the HSBC IVR System - the HSBC interactive voice response system - cause their accounts to be past due. ( See more ) With regard to HSBC Finance Corporation, which is the former name of predatory lender Household International, bad IVR data […]

Countrywide Challenges Predatory Lender HSBC

ORLANDO, Fla., Jan. 14 /PRNewswire/ — Countrywide Home Loans, Inc., a national leader in expanding homeownership across America, today announced an extension of its We House America® initiative to fund $1 trillion in home loans to minorities and lower-income borrowers and communities through 2010. The We House America program has already placed 2.4 million […]

HSBC Stays Open on MLK Day

HSBC Bank Refusing to Close on MLK Day, reported by ILCA President Marty Fishgold
“It came to my attention this morning that HSBC Bank USA is planning to open on Monday, January 17, a national holiday that commemorates Martin Luther King, Jr.
When I discovered this information, I was outraged and questioned the employees of the bank, […]

NYSE Fines HSBC for Poor Records Keeping

On January 12 2005 it was reported that “HSBC Holdings PLC’s HSBC Securities Inc., of New York, a member firm, consented without admitting or denying guilt to findings of books and records, regulatory reporting and supervisory deficiencies.

“From early 2000 to September 2002, the member firm failed to retain internal e-mails for a three-year period. […]

Supreme Court Allows RICO Against Household - HSBC

NEW YORK, Jan. 10, 2005 (PRIMEZONE) — The law firms of Kirby McInerney & Squire, LLP and Levy Angstreich Finney Baldante, Rubenstein & Coren, P.C. announce that the United States Supreme Court today denied defendants’ petition to review the certification of a nationwide class asserting federal Racketeer Influenced and Corrupt Organizations Act (“RICO’’) claims against […]

Polaris 10-Q Shows Household HSBC Relationship

A wholly owned subsidiary of Polaris has an agreement with Household to provide private label retail credit financing through installment and revolving loans to Polaris consumers through Polaris dealers in the United States. The receivable portfolio is owned and managed by Household and its affiliate and is funded by Household and its affiliate except to […]

Frustrating Times for HSBC’s Andrew Armishaw

On Juanuary 12, 2005, according to PR NewsWire, “HSBC - North America today announced that Andrew Armishaw, group executive and chief information officer, HSBC - North America, has been recognized by IDG’s Computerworld magazine as one of the business world’s Premier 100 IT Leaders.”

“This award is a testament to Andrew’s contribution to our company […]

HSBC Lost Korean Bank Deal

HSBC was been beaten by Standard Chartered in a high-profile bid for Korea First Bank, as reported on January 13, 2005. Standard Chartered has confirmed that it will buy the South Korean bank for £1.8billion. StanChart snatched the bank from HSBC in a quickly convened deal over Christmas. HSBC now has Korea Exchange […]

Household Transgressions Reviewed

When Household agreed to their famous $484 million nationwide settlement in 2002, it pertained to complaints, investigations and examinations related to Household’s conduct with respect to the following lending practices (collectively, “the Lending Practices”):

Two real estate secured loans made at or near the same date to the same Borrower (i.e., “split loans”),
Loan points […]




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