A look back at 2005 shows HSBC Finance Corporation’s merchants for what they really are. Ever wonder why this bumbling group of merchants decided to align their customers with a predatory lender such as Household International? Through questionable credit card processing, first with Household International and now with HSBC Finance Corporation (they are the same thing) merchants decided a Household Bank credit card would be good for their customers.
Popularity: 53% [?]
Becky Barrow, Daily Mail, 19 December 2005
BRITAIN’S biggest bank has slapped a ban on rival customers at peak times. HSBC has put up signs in its 1,500 branches warning that other account holders will not be served between 11am and 2pm.
Popularity: 11% [?]
A former Buy Buy executive is now CEO of Circuit City, as Circuit City turns from losses to profitability. That’s one CEO that knows not to align his Circuit City customers with predatory credit cards and predatory lending. The Best Buy credit card is managed by Household Internaitonal but the new name of the nation’s largest predator is now HSBC Finance Corporation.
Popularity: 20% [?]
Facing the rising tide of dissent over purportedly racist lending practices this summer (2005), Wells Fargo head Richard Kovacevich told Bloomberg news: “We are responsible lenders, and we price for risk; we don’t price for race. We don’t do predatory lending. And the American consumer is better off that we take that risk. We just have to get paid for it.”
Popularity: 17% [?]
Tuesday, 06 December, 2005
Mr Dyfrig John, who served as an Executive Director with HSBC Bank Malta p.l.c. until May of this year, has been appointed as Chief Executive Officer at HSBC Bank plc. in the U.K. The appointment follows Wednesday’s announcement that Group Chairman, Sir John Bond, will be retiring in May 2006. Sir John will be succeeded as Chairman by Mr Stephen Green, the current Chief Executive Officer of HSBC Group, who in turn will be succeeded by Mr Michael Geoghegan, the present Chief Executive of HSBC Bank plc.
Popularity: 15% [?]
Legal Info
Household HSBC Watch is a watchdog and consumer advocacy organization.
We monitor customer trends for possible violations of Regulation Z and other possible illegal actions.
We use your individual HSBC complaints and merchant complaint reports to perform trend analysis.
We are not associated with HSBC, Household International, or their merchants.
Some items are used by permission granted in the Fair Use guidelines of the 1976 U.S. Copyright Act.
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