See the latest about Bobby and TransUnion
Archive for the Category »Racketeering «
Jun 3, 2005 — NEW YORK (Reuters) - Saks Inc.
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.
MINNEAPOLIS, April 1, 2005 — Best Buy Co., the nation’s biggest consumer electronics chain, said Friday its fourth quarter earnings rose, buoyed by a February sales surge, but offered a disappointing forecast for this quarter. It also said it will phase out mail-in rebates over the next two years, bowing to customer complaints. Its shares fell more than 6 percent. The rebates have aggravated regulators, too. Wisconsin consumer protection officials last year looked into the rebates after 89 consumers complained, and Ohio Attorney General Jim Petro sued Best Buy in August in part over complaints about rebates. Chief financial officer Darren Jackson said in an interview that the actions of regulators were not a factor in the decision.
Category: 05 All Articles, 05 BestBuy, 05 Regulators, Racketeering
Leave a Comment
Consumer watchdogs close to one investigation say there may soon be more names than those mentioned in the following article. “Look to the predatory lending industry for more scandals as fuel costs rise, hardships develop, and regulators get tired of abuses” said one unnamed source. “As President Bush signs legislation into law, he can’t allow rogues to circumvent those laws while making the president look bad.” Here is one article:
Category: 05 All Articles, Racketeering, Sarbanes-Oxley
One Comment
