Sentencing guidelines that had been in effect in federal courts could call for a sentence well in excess of ten years for some convicted CEO’s because sentences would be ratcheted up in accordance with a huge dollar loss in the crimes involved. But the guidelines are no longer mandatory under a recent U.S. Supreme Court […]
A recent visit to Household International’s political action website at www.hihsbcgr.com shows that William F. (Bill) Aldinger’s photograph no longer greets web visitors. Still bearing the HI name, this part of HSBC was, and still is, in violation of HSBC corporate policy according to Sir John Bond. In fact Bond said HSBC does […]
President George Bush signed the new bankruptcy bill into law today, April 20, 2005. Bush already signed a landmark bill that makes it easier for defendants to move multimillion-dollar class action lawsuits to federal court. Playing directly into the hands of predatory lenders such as William Aldinger’s HSBC (Household International) Bush fails to […]
The U.S. Postal Service wants to strike another deal to offer discounts to boost first-class mail volume and save money by destroying rather than returning a company’s undeliverable mail. The negotiated service agreement with financial services company HSBC North America Inc. of Prospect Heights, Ill., would be the fourth such agreement proposed by the […]
The opinion section of the Santa Cruz Sentinal published this commentary. Bankruptcy reform is another issue favored by predatory lender HSBC and subsidiary HSBC Finance Corporation which was the old Household International. Here is the commentary:
If Congressional Republicans want to convince Americans that they understand the working classes, they should back off […]
The opinion section of the Santa Cruz Sentinal published this commentary. Bankruptcy reform is another issue favored by predatory lender HSBC and subsidiary HSBC Finance Corporation which was the old Household International. Here is the commentary:
If Congressional Republicans want to convince Americans that they understand the working classes, they should back off […]
Consumer watchdog organization Household - HSBC Watch witnessed changes in class action legislation with mixed emotion yesterday. Consumers need to know that Household International was, and is, a major supporter of these changes and worked hard through lobbying efforts and personal contact to put this legislation through.
President George W. Bush on Friday signed a landmark […]
Household Watch has learned from sources close to the issue that Coalition for Fair and Affordable Lending (CFAL) was joined by subprime and predatory lenders seeking to overturn or override state and local legislation. Their website is here. FairLendingNow.com - sounds nice doesn’t it. Now you know who’s really behind it.
One website states “To […]
HSBC claims that it does not make political campaign contributions. (The claim is made, among other places, in HSBC’s “corporate responsibility” statement). HSBC’s statement is misleading. As reported by Crain’s Chicago Business of November 8, 2004: “At Prospect Heights-based HSBC North America Holdings Inc. (formerly Household International Inc.), PAC contributions have […]
Over 25 states and many cities and towns passed predatory-lending restrictions since 1999. Looking ahead, predatory home lending is expected to be a continuing financial and political issue. It may not be an easy job. Household International has a huge staff of lobbyists and PAC money to fight any consumer favorable initiatives.
State laws […]
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An open letter to HSBC, Knight Vinke and Stephen Green
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