Talbots to lose HSBC LOC, but is there more?
Shares of Talbot’s Inc. were battered early Wednesday following its disclosure that HSBC is no longer prepared to continue making letter of credit facilities available to the company. A letter of credit essentially substitutes the credit of a third party (usually a large bank) for that of a borrower. Did HSBC Finance attempt […]

We monitor customer trends for possible violations of Regulation Z and other possible illegal actions.