Responding to the diversity of HSBC and complaints relative to HSBC operations around the world, watchdog organization Household - HSBC Watch increased forum and complaint capacity while adding HSBC India to their line-up. Originally designed to monitor former disgraced predatory lender Household International, HSBC Watch expanded as HSBC Bank plc bought Household International in 2002. “It was HSBC’s clearly stated intent to export Household’s predatory business model to other countries, thus we must react accordingly” said a member of the advocacy and watchdog organization. “We took our first complaint about HSBC India today. The forum link is here. We will expand our report section as complaints come in from or about HSBC in other countries” said the group. Household - HSBC Watch claims their live help and voice hotline programming, structure, and capacity is already in place for future expansion and multi-lingual operations 24 hours a day. “Let’s not forget there is a predatory finance company within HSBC, it is still Household International, and not much has changed. Americans paid a heavy price for this predator” said the group. They also recommend that people download “The History of Predatory Lending” which can be found in their download library.
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