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Archive for the Category »Household Watch and You «
No, we are not trying to be the next switchboard.com, but we are programming and managing the myriad of phone numbers in our database. This should take some of the presure off of the Live Help operators and reduce the number of hotline calls. To see this project in the early stages visit the HSBC Watch Online Address Book. Our research department is building a nice collection for our web visitors. Between our Online Document Library and the new address book information can be retreived by visitors easily and quickly. Our FAQ section fills the gap as well.
Category: General, Household Watch and You, Programming, Technical
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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 2002. “It was HSBC’s clearly stated intent to export Household’s predatory business model to other countries, thus we must react accordingly” said a member of the advocacy and watchdog organization. “We took our first complaint about HSBC India today. The forum link is here. We will expand our report section as complaints come in from or about HSBC in other countries” said the group. Household - HSBC Watch claims their live help and voice hotline programming, structure, and capacity is already in place for future expansion and multi-lingual operations 24 hours a day. “Let’s not forget there is a predatory finance company within HSBC, it is still Household International, and not much has changed. Americans paid a heavy price for this predator” said the group. They also recommend that people download “The History of Predatory Lending” which can be found in their download library.
HSBC customers sent 102 reports to watchdog organization Household - HSBC Watch (the owners fo this website) during the month of April 2005, assisting with trend analysis and a continuing study of predatory lending within HSBC and HSBC Finance Corporation. In addition to email reports many reports and opinions were entered directly into the forums. Blogger comments and helpline telephone calls rounded out new input for April. “In addition, we also received some very interesting documents by registered mail” said a spokesperson for the organization. “The more we learn the more we can pass on to regulators, congress, and authorities” the group said.
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 than his home was worth, scaring away rival lenders that might have come to the rescue. Madie Wilson, age 89, was evicted from her home. Running a pay for performance oriented predatory lending operation that was out of control, Aldinger and his employees sought blood money through lies and deception. “Even federal regulators didn’t want to take responsibility for Household Finance Corporation” said a member of the OCC in an interview with Household - HSBC Watch.
