Read the last paragraph of this press release. As you read this article remember that HSBC North America Holdings is, in part, former predatory lender Household International sporting a new name.
Archive for » 2005 «
This is the Household - HSBC Watch year end update on H&R Block, Household International, and HSBC tax refund loans. Racketeering charges against HSBC and H&R Block still remain, mostly in part to HSBC’s predatory lending subsidiary formerly named Household International.
A look at some of the high-profile corporate scandals of recent years and the status of legal action in each.
Household International and HSBC’s former director and Chairman was William Aldinger. He is also on the board of directors of AT&T. His total suits and settlements just reached a new all-time high before 2005 ends. Read the reasons for this latest Aldinger related settlement, as detailed below. Sounds like the old Household International, and the current HSBC Finance Corporation, doesn’t it? See Aldinger’s other suits and settlements and how he is involved here. A mere $550,000 does not put Aldinger over the $3 Billion dollar total yet, although one must admit $3 Billion (USD) is a lot of suits and settlements for one person to be involved in.
The voting is still open as Household - HSBC Watch volunteers search for the quotable quote of 2005 from an HSBC employee. In first place is this gem:

