Published: Friday, March 31, 2006 15:32 (GMT -0400)
First HSBC bought stained U.S. predatory lender. Now HSBC is paying much more for only 20 percent of a Mexican finance company.
Archive for » March, 2006 «
Category: 2006 HSBC, Predatory Lending
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Binding arbitration is one thing, but oppressive binding arbitration is quite another. One would expect oppressive action from the nation’s biggest predatory lender - Household International - and now HSBC. Note the ‘no class action’ clause! Here is the state court and supreme court opinion, summarized for clarity:
North America’s retail services business (NYSE:HBC) has extended its long-term agreement with Art Van Furniture to provide a private label credit card program. Ranked 12th in Furniture Today magazine’s “Top 100 U.S. Furniture Stores,” Art Van operates 29 stores in 28 cities throughout Michigan.
Category: 2006 HSBC, In the U.S., Predatory Lending
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Yesterday at Spring VON 2006, CompUSA announced its partnership with Bandwidth.com and Sylantro Systems to offer what it called the first full-featured hosted VoIP service for small and medium-sized businesses in the retail industry. Target audiences will be businesses in need of 10 to 200 lines. Silly, because no matter how much self-serving studies you put out, I am not convinced that businesses of the size touted by these alliance partners will go to a mass-market retailer to purchase hosted VoIP. (see full release)
Category: 2006 HSBC, In the U.S.
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This information is subject to change in the future, but while investigating problems with HSBC online payments we decided to try variations of the domain name. It turns out www.hsbcaccount.com is registered in China and has little to do with HSBC or one’s ability to pay their bill online. In fact the site shows nothing but advertisements and some are rated XXX. How does a global bank with a track record of predatory lending and online payment problems - see more - let this happen? Why would it happen? Because they make more money in late fees, past due fees, over limit fees, telephone payment fees, etc.
Category: 2006 HSBC, Identity Theft, In the U.S., Predatory Lending
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