Archive for the 'In the U.S.' Category

HSBC USA forms new U.S. Bank, Attacks Watchdogs

The new bank already has one branch that opened on Monday, in Bethesda, outside Washington, D.C. Besides offering loans and deposits, that office also offers check-cashing services. The new charter will also be used for the bank’s pending expansion into Connecticut later this month.

HSBC has aggressively added branches in multiple states over the past […]

HSBC National Bank USA Formed

HSBC USA has established a second nationally chartered bank, based in Maryland, to make it easier for the British-owned bank to expand its U.S. branch network. The new HSBC National Bank USA is a sister to Delaware-based HSBC Bank USA, which now operates all but one of HSBC’s U.S. branches, including all of […]

HSBC refund anticipation loans

HSBC - North America announced enhancements to the refund anticipation loan product for the coming tax filing season.

These enhancements will provide clients convenient access to information about debts that could affect their tax refund loan. The enhancement will also provide an improved disclosure process to ensure clients can make the most informed decisions about […]

Household International - No Lien Release Since 1997

Jose Cantu is all smiles — and why not? He’s holding a document he’s been trying to obtain for years. “You guys did a great job on this after all these years,” Cantu said. “I finally got someone to help us.” Back in 1992, Cantu borrowed $5200 from a finance company […]

HSBC Expands to Chicago

HSBC Bank USA, continuing its national expansion, is opening a new office in downtown Chicago to provide commercial and private banking services in the Windy City. The new office, located at the Hyatt Center, will provide commercial and commercial real estate loans, cash management services, and banking services for wealthy clients in Chicago. […]

HSBC’s Storehouse and Rowe File Bankruptcy

Household - HSBC Watch consumer advocates said for years that a combination of high HSBC interest rates, questionable payment processing and troubled merchants is a bad combination for customers and credit card holders.

Add Storehouse to HSBC’s list of merchants, also known as troubled companies that need every dime of ill-gotten gains ot stay in business. […]

Gardner White Furniture Insurance Fraud

Sharon mentions fraudulent credit insurance in this report: I am being billed $106 for credit insurance that I did not authorize, yet HSBC is saying I did when I applied for a Gardner White Furniture credit card. According to HSBC, the purchases were made in June & August 2005, yet I am just […]

Stop HSBC Crooked Dealings

James in Colorado asks: I have had nothing but trouble from this company. I got caught up with them once before and had trouble then. Why is it that no one can do something about their crooked dealings? So far my $39 a month has been $118 a month […]

Satisfaction Survey - HSBC Credit Cards

Over 420 votes are in and HSBC credit cards are ranked as poor or unprofessional by 80 percent of those who voted. See the survey here. However, Ken Harvey, HSBC’s chief information officer, told analysts at a presentation the bank would reap the rewards of its global scale as well as its […]

HSBC Foreclosure Encourages Murder

Jacksonville Area Legal Aid is calling for “troops” from the legal and business communities to help combat the rising rates of foreclosure and murder in Jacksonville. “Where there is murder, there are higher rates of foreclosure,” said Michael Figgins, executive director of JALA. “The cost of abusive mortgage lending is killing us. We know […]