Household HSBC Watch

A look at some of the high-profile corporate scandals of recent years and the status of legal action in each.

QWEST COMMUNICATIONS INTERNATIONAL INC. _ Former Qwest CEO Joseph Nacchio is indicted Tuesday on 42 counts of insider trading accusing him of illegally selling off $101 million in stock. In July, Robin Szeliga, former CFO, pleaded […]

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 […]

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.

British banking behemoth HSBC (nyse: HBC - news - people ) may have gone against the U.K. Financial Service […]

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 […]

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.

“Payouts under Shea v Household (HSBC) are scheduled for 2006. When […]

Sat, Oct. 29, 2005 - - Wachovia Corp., the No. 4 U.S. bank, told its embassy and government ministry customers Friday that it’s sending their business to HSBC Bank USA. The division of London’s HSBC Holdings Plc is helping to transfer the accounts, HSBC Bank USA said. Financial terms of the agreement weren’t disclosed. Wachovia […]

By Jason Nisse Published: 04 September 2005
HSBC has been accused of being part of a cartel which has forced up fees and restricted consumers’ rights in the US credit card market.

Two lawsuits, filed in New York and Pennsylvania, have claimed that eight banks plus American Express came together to agree on a fee structure […]

Here is new information provided to Household - HSBC Watch consumer advocates regarding the compliance department for Household Auto Finance - which is also HSBC Auto Finance.

HOUSEHOLD AUTO FINANCE COMPLIANCE DEPARTMENT
ATTN: JOSEPH TRUNK COMPLIANCE MANAGER
FAX (858) 492-6350
HOUSEHOLD AUTOMOTIVE FINANCE CORPORATION
200 SOMERSET CORPORATE BOULEVARD BRIDGEWATER, NJ 08807
PHONE (908) 203-2461
FAX (908) 781-4282
We are filing this […]

Just one week ago, a three-member arbitration panel cleared Kmart’s former chief executive, Charles C. Conaway, of alleged fraud, mismanagement and corporate looting. Now, the U.S. Securities and Exchange Commission has accused Conaway and former Chief Financial Officer John T. McDonald of misleading investors about the discount retailer’s finances. Conaway and McDonald stand […]

Thursday August 18, 11:25 am ET - PROSPECT HEIGHTS, Ill., Aug. 18 /PRNewswire/ — HSBC Finance Corporation announced today that its board of directors declared the first regular quarterly cash dividend on the company’s Series B preferred stock of $0.3621667 per depositary share payable September 15, 2005, to shareholders of record on August 31, […]