Archive for the 'You Should Know' Category

Bush Signs New Bankruptcy Bill - Predatory Lenders Benefit

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 […]

Ameriquest Settles, HSBC Continues Unabated

Household - HSBC Watch asks you to view this article while contrasting it with HSBC Finance Corporation, as one sees how Ameriquest was charged with items reported daily by customers of HSBC. As HSBC Finance Corporation continues unabated, one must realize HSBC Finance Corporation is the new name of disgraced and troubled predatory lender […]

General Motors Advertising and Reputation

According to a Reuters report, Interpublic Group of Cos. Inc. said on March 15, 2005, it would defend its advertising account with General Motors Corp. , which has put its ad business, estimated to be worth at least $2.8 billion, up for review.

According to consumer advocates at Household - HSBC Watch, which monitors predatory […]

ABC News 20/20 Says Very Informative

ABC News visited Household - HSBC Watch recently, saying our website was “very informative.” Bill O’Reilly of Fox News often warns web surfers about websites and blogs. Here at Household - HSBC Watch we strive to provide second sources and contact numbers for reporters and regulators. “Household - HSBC Watch does […]

HSBC Dismisses Gay Head of Equities

HSBC begins to round out the field of those discriminated against. Higher car rates for blacks and hispanics, redlining african americans on home mortgages, and predatory mortgage lending which discriminates against those with lower FICO scores. Add to that the latest charge - PETER Lewis, former global head of equities at HSBC, is […]

Bank of Bermuda and Sarbanes - Oxley

HSBC acquired the Bank of Bermuda Limited, which HSBC says is “a leading provider of fund administration, trust, custody, asset management and private banking services; and shares in HSBC Holdings are listed on a fifth stock exchange, in Bermuda.” Don’t let the word “leading” mislead you. HSBC called Household International “a leading US […]

More HSBC San Diego Mistakes

Reported March 13, 2005:
My mother got her car and was financed by HSBC. She has made payments since 2002, She passed away Feb 8th. My father wants to keep the car so he sent in the payment.A Money order from the bank so now there is proof that he bought and sent payment. It was […]

Warning About Co-signing of Predatory Loans

Here at Household - HSBC Watch we see horror stories about cosigners and cosigned loans. A cosigner is liable and when things go bad we know what happens. Often overlooked is stress in the family if parents cosign for a child. Also important is friction between friends and ruined relationships. One […]

Postal Service and HSBC Deal Hurts Customers

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 […]

HSBC Merchant CompUSA Caught by FTC

Another of troubled predatory lender Household International and HSBC’s merchants, CompUSA Inc., has agreed to settle a government complaint charging the company with deceiving consumers who bought computer products but failed to receive promised cash rebates from $15 to $100 each, the Federal Trade Commission said Friday March 11, 2005. The FTC said CompUSA […]




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