HSBC Finance Not Regulated In Canada
If you finance your purchase using a Brick Card, United Furniture Warehouse Card, Home Show Canada Card or Sleep Better Card (in any such case, “Credit Card”) and/or by taking advantage of one of their “do not pay” offers, they collect, use and disclose to either HSBC Retail Services Limited or CitiFinancial Canada, Inc. (the Credit Card underwriter) your personal information, including your financial information, for the purposes of assessing and processing your application for credit, providing and administering such credit and securing repayment of such credit. [HSBC Retail Services Limited is a subsidiary of HSBC Finance Corporation, a foreign bank that is not regulated in Canada as a financial institution, a bank holding company or an insurance holding company. However, HSBC Bank Canada and HSBC Bank USA are regulated in Canada as a bank and an authorized foreign bank, respectively.]
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