Household HSBC Watch

Private label credit cards made their way to India as part of HSBC’s ‘Household Model’. In the United States many customers are fimiliar with cards such as the Best Buy card, or perhaps their CompUSA credit card. Regulators, on the other hand, are familiar with Shea v Household where Household International, and later […]

As predicted by our analysts here at Household - HSBC Watch, HSBC’s predatory profit is down. But first, read this article from Saturday, October 1st 2005 in which HSBC said less than one percent of accounts were effected by hurricane Katrina. Now read the newest news release below. Who is lying? […]

“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 […]

Responding to the diversity of HSBC and complaints relative to HSBC operations around the world, watchdog organization Household - HSBC Watch increased forum and complaint capacity while adding HSBC India to their line-up. Originally designed to monitor former disgraced predatory lender Household International, HSBC Watch expanded as HSBC Bank plc bought Household International in […]

On March 28, 2003, Household International, Inc. (“Household”) was acquired by HSBC Holdings plc (“HSBC”) by way of merger with H2 Acquisition Corporation (“H2”), a wholly owned subsidiary of HSBC, in a purchase business combination. Following the merger, H2 was renamed “Household International, Inc.” Effective January 1, 2004, HSBC transferred its ownership interest in Household […]

Since its release in mid-January 2005, Household- HSBC Watch download “The History of Predatory Lending” has been downloaded 365 times. An average of 35 people per day see the actual effect Household International and HSBC had on unsuspecting Americans. You can get your copy here.

Editor’s Note: This book has been re-written and expanded […]

William Aldinger leaves HSBC Bank for retirement, taking approximately $36 Million (USD) for three years of “work.” But as legacies go Aldinger shall forever remain famous in the field of predatory lending. His children will constantly hear the reminders of the elderly like Mr Myers. Myers, 66, was left owing a third more […]

Reported March 30, 2005: HSBC faces revenue growth challenges in its various other businesses, particularly its U.S. consumer finance arm, Household International of Prospect Heights, Ill. With interest rates rising, revenue from mortgage lending will come under pressure and customer account delinquencies could rise. HSBC “is still failing to deliver superior operating profit […]

April 7, 2005
NEW YORK — In what could be a crack in the housing market’s sturdy foundation, the number of foreclosed homes put up for sale rose 50 percent between February and March. The survey, released Wednesday, showed 28,190 foreclosed homes were put up for sale across the country in March, which is 50 […]

For those who want to see the attention Household International and HSBC predatory lending is getting simply go to this page. Watchdog organization Household - HSBC Watch started geographical mapping of visitors, which poses no privacy or security issues for visitors. “Mapping gives federal regulators a visual picture of how wide spread the […]