Predatory lending settlements are now available to Ameriquest customers, and the final settlements still pale when compared to HSBC’s Household International. In fact some regulators said the Household International settlement should have been much more than $484 million, but they were afraid a realistic amount would put the company out of business.
The […]
HSBC Bank USA, N.A., the U.S. banking unit of one of the world’s largest financial services companies, today announced the national launch of its HSBC Online Savings Account, a savings account with a 4.00% APY, six times the national average. The account has no minimum balance or monthly maintenance fees.
“There are issues that […]
Many have the same opinion about HSBC Finance Corporation / Household International. Cases and complaints are similar:
Reilly urges consumers to avoid Ameriquest
AG: Firm persists in unfair practices despite accords
By Kimberly Blanton, Globe Staff | January 24, 2006
Disclosing the details of a $325 million settlement between Ameriquest Mortgage Co. and 49 states, Massachusetts […]
The new bankruptcy law requires debtors to come up with a payment plan to satisfy unsecured creditors like the card companies. So how do credit card issuers really look at the newly bankrupt? During a recent conference Capital One Vice President Mike Rowen checked off for his listeners the things that make the […]
June 1 (Bloomberg) — From their offices atop Tehran’s 15- story Sayeh Tower, HSBC Holdings Plc bankers have helped lend more than $825 million to the Iranian government, which the U.S. says sponsors terrorism and provided a haven to al-Qaeda members after the Sept. 11, 2001, attacks. Half a world away in New York, where […]
President Bush nominated Ameriquest Chairman Roland Arnall as U.S. ambassador to the Netherlands. Arnall founded the company as Long Beach Savings in 1979. The company paid $4 million in 1996 to settle charges by the U.S. Justice Department that its lending practices cheated minorities, women and the elderly.
Elsewhere in the news, Charles Schwab announced […]
President George W. Bush’s choice for ambassador to the Netherlands and his company, Ameriquest Capital Corporation, are nearing disgraced Household International’s predatory lending settlement amount according to Household - HSBC Watch consumer advocates. “Household scammed, hurt, and deceived people across the country and settled for USD$484 million. Ameriquest Capital Corp. has set aside […]
The former finance chief of WorldCom testified on February 10, 2005, that the company called off 2001 merger talks with Verizon after he and CEO Bernard Ebbers worried Verizon would discover WorldCom had cooked its books. Scott Sullivan told jurors he worried Verizon would uncover the fraud during a process called due diligence, in which […]
Saks gets the publicity because they use predatory lender Household International, now called HSBC, to finance their private label credit cards:
Saks shares tumble after filing delay
April 15, 2005
NEW YORK — Saks Inc.’s shares tumbled more than 7 percent Friday, after the department store operator delayed its annual report and annual meeting amid an expanding regulatory […]
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 […]
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