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HSBC Beneficial Refund Lending Settlement For 1994 - 1996

Beneficial National Bank is regulated by the OCC and owned by HSBC Bank Plc. Here is your April 2006 update. The attorneys will make millions and HSBC gets another stain on its reputation, but it’s doubtful that customers will even notice the opportunity to participate in this settlement.

CHICAGO — Plaintiff class representative Lynne […]

HSBC Tsunami Relief Not What You Think

Another interesting fact - although HSBC gave £1m towards the Tsaunami appeal they were still charging UK (and elsewhere?) relatives £25 a transaction to wire money out to affected relatives right up and till a memo went out to branch staff on January 14th, 2005 to stop the practice following a customer complaint.

US-based consumer […]

Fact Act Creates Problems for HSBC North America

Millions of Americans are finding credit reporting errors filed by Household International as the new FACT act goes into effect. Covering up problems at Household Finance (HFC) and improper late application of payments (Retail Services) has the credit bureaus working overtime. The Fair Credit Reporting Act protects the consumer.

Monitoring and periodically reviewing […]

Fair and Accurate Credit Transactions Act

Dec. 3, 2004 — A new federal law, entitled the Fair and Accurate Credit Transactions Act, went into effect this week enabling millions of Americans to get a snapshot of their credit history for free. The FACT Act grants consumers one free credit report a year from each of the big three credit reporting bureaus […]




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