« HSBC May Get Company in Predatory Lending Arena
HSBC Ignores California’s Calstrs - A Big Mistake »

Pentagon Targets HSBC Tax Refund Loans

Pentagon Targets HSBC Tax Refund Loans

The Pentagon on Monday implemented new rules to protect U.S. service members and their families from high-cost, short-term loans, saying stress from such loans can hurt military readiness. The regulation, prompted by a law passed by Congress last year, limits the fees and interest that creditors can charge on payday, vehicle title, and tax refund anticipation loans. Those three kinds of loans have high interest rates and short payback terms.

Interestingly, the subject was discovered when searching Google News with the term ‘predatory lending’. Once again any article that references HSBC’s Household International is included in search results. Some analysts say HSBC did little - other than what was mandated as part of their settlement - to alter practices at Household. Household is now called HSBC Finance.


   Thinking of making a debt settlement offer? See common settlement scams and rip-offs first or get our free widget



Related Posts

 Send Us Your Report.



This entry was posted on Saturday, October 6th, 2007 at 9:09 am and is filed under 2007 HSBC. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

5 Responses to “Pentagon Targets HSBC Tax Refund Loans”

  1. […] Pentagon Targets HSBC Tax Refund Loans The Pentagon on Monday implemented new rules to protect U.S. service members and their families from high-cost, short-term loans, saying stress from such loans can hurt military readiness. The regulation, prompted by a law passed by Congress last year, limits the fees and interest that creditors can… […]

  2. […] Pentagon Targets HSBC Tax Refund Loans The Pentagon on Monday implemented new rules to protect U.S. service members and their families from high-cost, short-term loans, saying stress from such loans can hurt military readiness. The regulation, prompted by a law passed by Congress last year, limits the fees and interest that creditors can… […]

  3. […] Original post here […]

  4. […] Pentagon Targets HSBC Tax Refund Loans The Pentagon on Monday implemented new rules to protect U.S. service members and their families from high-cost, short-term loans, saying stress from such loans can hurt military readiness. The regulation, prompted by a law passed by Congress last year, limits the fees and interest that creditors can… […]

  5. Secured Home Loans for UK Homeowners

    Secured loans are secured against your home and offer cheaper rates of loan interest

Leave a Reply

You must be logged in to post a comment.