Household HSBC Watch

This is from Fitch, on November 3: “Fitch Rates HSBC Automotive Trust 2005-3 [which] marks HSBC Automotive Finance Corp.’s (HAFC) 17th Fitch-rated securitization backed by retail loans to subprime borrowers… As of Oct. 23, 2005 (the cut-off date), the receivables consisted of $1.37 billion in loans to subprime borrowers with weighted average FICO scores of […]

For those that want to follow HSBC, predatory lender Household International, and what’s going on behind the scenes, try our daily newspaper. Just bookmark the page for daily reading and learn the secrets they don’t want you to know. Combined with our daily analysis that catches irregularities in HSBC press releases, the HSBC […]

During the O’Reilly Factor HSBC aired a commercial for HSBC Direct. Claiming their savings account pays 4 percent, HSBC’s privacy statement also says they can share your information with predatory lending division HSBC Finance, and others. And HSBC Finance is the old Household International.

The rest of the story, as Paul Harvey […]

We spotted a new term recently which tries to glorify HSBC’s finance company while downplaying predatory lending from Household International. The term is “HSBC Retail Banking”. While their actually is a bank involved, HSBC retail banking is part of HSBC Finance Corporation - the new name for Household International. True while […]

You need to take this seriously, because the federal government certainly does. 40% of the DNC citations issued by the FCC were to mortgage companies. That’s pretty darn significant when you think about all the industries using the telephone during some phase of the sales process. It also speaks volumes about the lack […]

Cash advances take a bigger bite. Getting cash from your credit card has long been expensive, but the tab has risen sharply in recent years. A decade ago, most credit card issuers imposed a 2% fee with a $2 minimum fee and a $10 maximum fee on cash advances, according to CardWeb.com. Today, the fee […]

If you thought HSBC was not mailing your statements to you, or if they did they mailed them too close to the due date, watch out. The US Postal Service and the predator now have an agreeement to cloud your issue even more.

http://ribbs.usps.gov/files/fedreg/prc2005/05-4111.TXT
I. Background: The Baseline Capital One Negotiated Service Agreement,
Docket No. MC2002-2
[…]

Oct. 26, 2005–Fair Isaac Corporation, the leading provider of analytics and decision technology, today announced that London-based HSBC Holdings plc (HSBC), one of the world’s largest banking and financial organizations, has implemented Fair Isaac’s Fraud Predictor with Merchant Profiles. The next-generation fraud detection solution will provide HSBC with advanced capabilities for cutting fraud losses and […]

Britain’s HSBC Holdings, one of the world’s largest banks, plans to expand its consumer-finance business into more emerging markets, the Wall Street Journal reported today, citing an interview with HSBC’s No. 2 executive.

“The big theme, I believe, over the next few years in consumer finance is the portability of our model into markets starved for […]

CSR Wire - Corporate Social Responsibility Newswire Service - sounds good doesn’t it? And it is, said HSBC Watch consumer advocates, but the fox is in the hen house according to the group. Let’s examine this:

Publish date: 10/18/2005
Press release from: HSBC
(CSRwire) PROSPECT HEIGHTS, Ill. – A new survey by HSBC – […]