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 collar bankers say they are a finance company with little in common with banking.
Archive for the Category »05 HSBC Holdings «
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 protecting credit and debit cardholders from fraudulent transactions. “It’s about time” said HSBC Watch Consumer Advocates.
Loren Steffy of the Houston Chronicle wrote an article about a man who had an HSBC credit card, overlimit fees, and a desire to fight HSBC using tactics they used on him. You can do it too, by printing an invoice and mailing it to HSBC, HSBC Finance (the old disgraced predatory lender Household International with a new name) or any other offending part of HSBC. This article is suggested reading and can be seen here. It is motivational if you have a problem with HSBC and want results.
A new dedicated forum for HSBC NV was created on October 17, 2005 within the HSBC Watch forums. Many consumer complaints indicate HSBC NV is now on their credit reports as identity theft or credit card fraud. Although many reports about HSBC NV are found by searching our website, the problem with HSBC NV has turned into a trend.
First-half pretax profit at the consumer finance business rose 9 percent to $2.32 billion. “We see this market, the sub-prime market, as a market that’s going to continue to grow,” Tom Detelich, HSBC Finance group executive said. “We think we are positioned very well to deal with any challenges that lie ahead.”
Category: 05 All Articles, 05 HSBC - U.S., 05 HSBC Holdings
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