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.
Archive for the Category »Scams «
Category: 2006 HSBC, Identity Theft, In the U.S., Predatory Lending, Scams
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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 cents a share in the period vs. a $28 million loss or 8 cents a share a year earlier. First-quarter revenues were $540.8 million, compared with $615 million a year ago.
Category: 2006 HSBC, In the U.S., Predatory Lending, Scams
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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, which has dragged on since 1998. Block and co-defendant Beneficial National Bank — now owned by London-based HSBC — will split the payment.
Category: 2006 HSBC, In the U.K., In the U.S., Predatory Lending, Scams
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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.
Category: 2006 HSBC, In the U.K., Scams
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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.
Category: 2006 HSBC, In the U.S., Scams
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