Household HSBC Watch

More than 785,000 Americans learned that they may have been the subject of identity theft in the last three months. HSBC, a U.K. bank, recently informed 180,000 of its customers that information the company kept on them had been exposed to potential criminals. Consumer advocacy organization Household - HSBC Watch said recent complaints on […]

New York Attorney General Eliot Spitzer has requested information from HSBC’s American arm, Household International, as part of a wider probe into mortgage lending. It is Spitzer’s first foray into retail lending practices and comes after a string of successful investigations by his office into the mutual fund industry, insurance and investment banking. […]

Computer retailer CompUSA also finances with former disgraced predatory lender Household International, now called HSBC Finance Corporation. Also, because competitor Best Buy also uses this demonic source of financing for private label credit cards. Complaints about both credit cards are received daily at Household - HSBC Watch, but CompUSA complaints have increased […]

Since its release in mid-January 2005, Household- HSBC Watch download “The History of Predatory Lending” has been downloaded 365 times. An average of 35 people per day see the actual effect Household International and HSBC had on unsuspecting Americans. You can get your copy here.

Editor’s Note: This book has been re-written and expanded […]

Finance companies buy loans from car dealers just after the sale is made. They typically buy loans at a discount of 1% to 15% of the loan’s principal amount. It then collects on the loan or, if things go bad, calls the repo man to take the car back. “You can read more about […]

PROSPECT HEIGHTS, Ill., April 20 /PRNewswire/ — HSBC - North America announced today the appointment of Bruce Fletcher as senior vice president and chief credit officer for retail credit for HSBC North America Holdings Inc. In this capacity, Fletcher will serve as chief credit officer and will oversee and integrate retail credit risk management for […]

In late April, television commercials touting Yamaha’s for as little as $39 per month are a poor deal for the consumer and a great deal for HSBC (Household International). Similar to Suzuki financing, in some cases if nothing goes wrong, it will only take 18 years to pay off that new Yamaha or Suzuki. […]

The BTK killer worked as a compliance officer before he was captured. He was also active in his church. “Although people have the perception that compliance officers are eager to make sure companies toe the line, the BTK killer reinforces the fact that these people they are just people. Some believe compliance […]

April 22, 2005 10:12:00 AM ET, CHICAGO (Reuters) - Costco Wholesale Corp. (COST) on Friday said earnings for the rest of its fiscal year would likely miss Wall Street forecasts because of weaker profits from gasoline sales, sending its shares down 9 percent. “Predatory lender HSBC Finance Corporation backs the Costco credit card. […]

President George Bush signed the new bankruptcy bill into law today, April 20, 2005. Bush already signed a landmark bill that makes it easier for defendants to move multimillion-dollar class action lawsuits to federal court. Playing directly into the hands of predatory lenders such as William Aldinger’s HSBC (Household International) Bush fails to […]