Household HSBC Watch

In an interview with the Associated Press, Megan Hayden, spokeswoman for Household’s parent, Household International Inc., in Illinois said “We make good loans to our customers who need them and, frankly, have nowhere else to go. And we’re proud of that.”

Thinking of a loan from HSBC’s Decision One, HFC, or Beneficial Finance? See Household […]

It’s official. Here is the HSBC and Household Bank quotable quote for 2005:
“He huffed and insisted I was lying. I asked him if that’s what he was implying, and he said ‘You, like these other customers who say this, are lying and just didn’t make a payment.’” (see article)

It’s hard to top the quotable […]

We enter Barry Rodrigues in the ‘quotable quotes’ section of Household - HSBC Watch for his gloss on HSBC’s subsidiary HSBC Finance Corporation. Leaving out some key points Rodrigues said:

“We are delighted to enter into this agreement with a world-class organization like HSBC,” said Barry Rodrigues, executive vice president of American Express’ Global Network […]

The voting is still open as Household - HSBC Watch volunteers search for the quotable quote of 2005 from an HSBC employee. In first place is this gem:

“They do not send an electronic receipt when payments go through, so consumers must assume it worked… The person I reached on my second call was simply […]

Facing the rising tide of dissent over purportedly racist lending practices this summer (2005), Wells Fargo head Richard Kovacevich told Bloomberg news: “We are responsible lenders, and we price for risk; we don’t price for race. We don’t do predatory lending. And the American consumer is better off that we take that risk. We just […]

From the Columbus (Ohio) Dispatch of September 21: “HSBC lobbyist Van Doorn, who fought stricter state oversight three years ago, said, ‘There’s no question that the regulations could use some tightening.’ He said Ohio’s predatory-lending law was an important step, but, ‘We’re light years ahead of where we were’ when it passed in 2002. Shortly […]

Charlie Mayfield, speaking of the John Lewis and Waitrose credit cards said: “HSBC’s acquisition of HFC was key to our decision to forge a long term relationship with them. It added considerable breadth to HSBC’s credentials within the credit card market, making them the ideal companion for this venture.” Welcome to the quotable quotes […]

In a speech last month to the New York Bankers Association, then-Acting Comptroller of the Currency Julie Williams addressed criticism that the agency’s enforcement is too soft. “When supervisors identify an issue, we expect it to be fixed, promptly, without having to resort to subpoenas for the information we need or to enforcement action […]

Martin Coxell, 32, of Shepherd’s Hill found out his chequebook had been snatched from the post when someone tried unsuccessfully to use it last month. But two weeks later thieves intercepted another chequebook sent from the HSBC bank to Mr Coxell - and cashed �2,100 of cheques. Mr Coxell said he had begged […]

“A fine piece of work from a real crusader for justice” said one visitor. “An excellent primer and introduction for the average person” and “helpful to navigate the sometimes confusing world of sub-prime lending and predatory practices.” These comments and many more are about our 20 page “History of Predatory Lending With […]