Household HSBC Watch

In a lesson plan, designed to teach about predatory and subprime lending, we asked this question of students in 2005: “What is the impact on a country’s economy if predatory lending is left unchecked?” Three years later the answer is clearly obvious. As of today the world has seen over $515 billion […]

I worked for HSBC for 19 years, most of that time in collections. I was recently fired for a bogus reason. Many of my fellow co-workers with 15-19 years of service for HSBC have also been let go. One individual was fired because they did not delete an email that was “inappropriate” sent to […]

When a bank, such as HSBC and HSBC Finance, spends more time looking at the fringes of the law while discovering what they can get away with it should alarm the bank’s customers. When a judge rules that a bank’s actions are onerous, oppressive, or have questionable intent, the judge must rule stricly […]

We received this by email today. This is not one of our initiatives - we are just reporting it. Household - HSBC Watch is not affiliated with this new initiative by former HSBC, HFC, or Beneficial Finance employees. Here is the report:

“Thank you for your reporting about all of the illegal […]

HSBC has been added to the list of defendants in another class action suit. Although class action suits are nothing new for HSBC - in part thanks to HSBC Finance - January 25th was when HSBC was added to a new suit. New York state officials are suing a total of 26 banks […]

Here is another class another class action that involves HSBC, among others. The class action suit states that the credit card companies were hiding fees up to 3 percent in foreign transactions by cardholders outside the US, which is a violation of both federal and state laws. Additionally, the class action suit attempts […]

Our helpdesk staffers reported what we first thought was an anomaly as people have been searching for Carnegie vs Household. Staffers first noticed the query last Friday and visitors continue to read our articles about how Lynn Carnegie paid $110 to get a $500 tax refund from H&R Block and Household International. What […]

The U.S. Supreme Court on Monday rejected an appeal from Microsoft Corp. and a unit of Best Buy Co., ending a bid by the two companies to stop a class-action lawsuit over a joint marketing campaign for MSN Internet Access service.

The companies had appealed a lower court ruling that allowed them to be sued under […]

LOS ANGELES, July 11 - The National Association for the Advancement of Colored People (NAACP) on Wednesday filed a class action lawsuit against 14 subprime mortgage, lenders alleging they engaged in institutionalized, systematic racism.

Lenders named in the lawsuit, filed in a Los Angeles federal court, include Ameriquest, Wells Fargo & Co, Fremont General Corp, Countrywide […]

Why is this important? Because William F. Aldinger is on the board of directors at AT&T, and was also CEO of Household International, and Chairman and CEO of HSBC USA. HSBC has the same mandatory binding arbitration, and William F. Aldinger has his law degree and thus would advise AT&T in some capacity. […]