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 realize the effects of predatory lending. “It is a known fact that many Americans are one severe medical illness or catastrophy away from bankruptcy” said advocacy organization Household – HSBC Watch. “Bush played right in to the hands of big business while sacrificing the average hard working American. Any legislation backed and supported by predatory lenders such as the former Household International should never pass, but it is too late now” said the group.
Popularity: 12% [?]
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 Household International.
more…
Popularity: 21% [?]
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.
more…
Popularity: 8% [?]
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 not actively look for media participation but we try to make the job easier for writers, staff, and reporters” said a watchdog Hotline staffer. “If our web visitors contact the media we respond to requests whenever possible.”
Popularity: 4% [?]
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 taking the banking giant to an employment tribunal, claiming he was dismissed because he is gay. The first three items on our list are from HSBC’s troubled lending arm formerly known as Household International. The last took place in London. Household International is now known as HSBC Finance Corporation. Wage discrimination in London made the news when a member of HSBC’s cleaning crew asked for a living wage. Later, salary parity between UK and US workers made headlines. Across the board, social responsibility and HSBC’s reputation may have taken a heavy hit.
Popularity: 3% [?]
