Over 500 downloads since 15 January 2005! With a small download size of only 174Kb, the 20 page “History of Predatory Lending With an Emphasis on Household International and HSBC Finance Corporation” now has over 500 downloads. Written in a “Lesson Plan” format this informative document teaches people about a side of personal finance many have never seen before. See more about this free download here or at HSBC Watch. “We distribute about 100 copies a month to interested individuals” said a member of the watchdog organization Household - HSBC Watch.
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In a challenge to the Department of Corporations, Wells Fargo & Co. argued successfully in federal court that state lending laws didn’t apply to it and other national banks, because their lending practices were regulated solely by the Treasury Department. The OCC is the regulator, and is part of the Treasury Department. Reported in May 2006!