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Archive for the 'Scams' Category

HSBC Merchant Best Buy Gift Card Scam

Just in time for the holiday season thieves found a way to steal the remaining balance on store gift cards. They take the information from the gift card, put the card back on the sales rack, and then wait for someone to buy it and activate it. Thieves call the telephone number on […]

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’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. […]

Challenges mount against HSBC refund-anticipation loans

Most sued and former executive of HSBC and CEO of predatory lender Household International William F. Aldinger III once boasted that his company ‘invented tax refund loans’ - and they are proud of it. Household, and later HSBC, partnered with H&R Block. H&R Block CEO Mark Ernst appeared eager to turn the […]

HSBC Predatory Lending And Recession Risk

HSBC wanted to buy a predatory lender. The purchased Household International in 2002 to satisfy their desire. Now those customers are at risk as HSBC predicts a recession for the United States. Already beaten down and strangled by HSBC’s oppressive terms and conditions these very same customers were hit harder by rising […]

HSBC Cards Target Working Teens

High interest tax loans, unsolicited live checks and oppressive contract terms aside, HSBC Finance Corporation has the ability to hurt your children too. In fact they are targets, and less likely to discover identity theft.

Lawyer Mark Miller caught the attention of the students when he told them if they only make the minimum monthly […]

HSBC Partner Block Loses $131 Million

HSBC’s high interest tax loan partner H&R Block Inc. reported a bigger net loss during its fiscal first quarter late Thursday as the tax-preparation company was hampered by loss provisions of more than $100 million in its mortgage-services business. The company said that it had a net loss of $131.4 million, or 41 […]

Block, HSBC Settle Predatory Lending Suit

Chicago (Aug. 31, 2006) - Tax prep giant H&R Block Inc. announced that a federal judge has approved a $39-million settlement of a class-action lawsuit brought by customers over the company’s refund anticipation loans. A U.S. district court judge approved the settlement, the group’s third effort to reach a agreement in the suit, […]

HSBC Wants Free Overtime From Workers

17.08.2006 - UNI affiliate Amicus has expressed frustration at the discovery of a culture of unpaid overtime at branches across HSBC Bank. A survey by Amicus members in HSBC has found that many work an average of five extra hours per week.

Unpaid overtime is also a significant problem. Amicus Official, Bernadette Fisher said: “Inadequate […]

HSBC Executive Pleads Guilty

NEW YORK - A former HSBC Bank USA vice president pleaded guilty on Friday in Manhattan federal court to a conspiracy charge over his role in a $30 million telemarketing fraud targeting low-income people with poor credit histories, U.S. Attorney Michael Garcia said.

Raymond Payne, a 35-year-old Brooklyn, New York resident, admitted to one count of […]




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