A look at some of the high-profile corporate scandals of recent years and the status of legal action in each.
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Category: 05 All Articles, 05 Compliance, 05 Insider
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Bill collectors are not allowed to call after 9 at night and cannot call on Sunday - or so you thought. If it happened to you see our “Your Money” page to see how much you can charge them because of their violation. The FDIC tells them so - use this link to see the law.
But true to their predatory nature with little regard for the law, heavily accented agents in India are calling Household International - HSBC customers as early as 6 AM, seven days a week including Sundays. Household - HSBC Watch has new updated pages for 2006 including direct links to the media, congress, and your senators so you can take action. The practice of calling on Sunday is not limited to callers from India by any means. Debt collectors in the U.S. often play outside the law but we give you the tools to fight back. See Household - HSBC Watch for more.
Category: 05 All Articles, 05 Collections, 05 Compliance, 05 Regulators
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Commonly accepted principles of corporate governance include disclosure and transparency–whereby organizations clarify management’s roles and responsibilities to provide shareholders with a level of accountability, and the rights of, and equitable treatment of, the shareholders in question.
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Is this a forged dual-application from Best Buy? A lack of communication within the family? It is, however, a good example of their MarterCard application which claims “$0 to $99 fee” which is usually $99 no matter what. For new merchants, this poses a problem. Will Liz Claiborn and Saks customers appreciate it when money disappears from their bank accounts? Watch for more fraud and more credit scams from HSBC this holiday season.
Category: 05 All Articles, 05 Compliance, 05 Regulators
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Watch for the possibility that more of HSBC’s merchants in the apparel industry may report more in a continuing string of losses. Higher fuel prices and less discretionary income, combined with credit cards from a predatory lender, may mean more dismal quarterly reports.
Category: 05 All Articles, 05 Compliance, 05 Regulators
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