Chicago (Aug. 31, 2006) - Tax prep giant H&R Block Inc. announced that a federal judge has approved a $39-million settlement of a class-action lawsuit brought by customers over the company’s refund anticipation loans. A U.S. district court judge approved the settlement, the group’s third effort to reach a agreement in the suit, which has dragged on since 1998. Block and co-defendant Beneficial National Bank — now owned by London-based HSBC — will split the payment.
Archive for » August, 2006 «
Category: 2006 HSBC, In the U.K., In the U.S., Predatory Lending, Scams
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HSBC Finance Corporation, a wholly-owned subsidiary of HSBC North America Holdings Inc., said Tuesday it has reached agreement with the shareholders of Solstice Capital Group Inc. to acquire 100% of the privately held US-based mortgage lender.
Category: 2006 HSBC, In the U.S., Predatory Lending
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17.08.2006 - UNI affiliate Amicus has expressed frustration at the discovery of a culture of unpaid overtime at branches across HSBC Bank. A survey by Amicus members in HSBC has found that many work an average of five extra hours per week.
Category: 2006 HSBC, In the U.K., Scams
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NEW YORK - A former HSBC Bank USA vice president pleaded guilty on Friday in Manhattan federal court to a conspiracy charge over his role in a $30 million telemarketing fraud targeting low-income people with poor credit histories, U.S. Attorney Michael Garcia said.
Category: 2006 HSBC, In the U.S., Scams
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MUMBAI, NEW DELHI, AUG 14: The position of HSBC India CEO, Naina Lal Kidwai, 49, as the bank’s boss now hangs in balance, with the Reserve Bank of India asking her to step down from the global board of Nestle SA. The RBI has withheld approval of Kidwai as HSBC CEO until she quits the Nestle board.
Kidwai was elected to the Nestle’s board by the company’s shareholders at an annual general meeting on April 6, 2006. Just a month later, she succeeded Niall SK Booker as the CEO of HSBC India on May 5.
Category: 2006 HSBC, HSBC Worldwide, Who's Who in 06
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