Household HSBC Watch

This is another update from our friend Curtis: “Please be advised of the following. I am currently involved in taking legal action against HSBC Mortgage Services Inc. in Brandon Florida.

My current mortgage was audited and found to be in violation of TILA, RESPA, HOPA and the Fair Trade Practices Act. The loan as […]

According to Business Wire, Capgemini announced today a renewal of their relationship with HSBC for continued collaboration with HSBC’s Global Technology Centers. According to a self-serving press release Capgemini and HSBC are both the greatest, most wonderful organizations. What is wrong with the report? Capgemini supports HSBC key strategic businesses, including Consumer […]

The following information pertains to the right to recind an agreement between HSBC and a customer. It is quite lengthy, but very interesting. The information comes from the FTC and OCC, respectively, according to the submitter. Case law is included:

I. TILA & Res Judicata
(Analogous to Mr. Curtis xxxxxx , […]

In a blow to HSBC efforts to expand investment banking, HSBC served as a trustee for the investment portion of the business from August 2003 to March 2005, when a federal court shut down Pension Fund at SEC’s behest. HSBC’s name and logo appeared throughout the firm’s marketing materials, which were not properly reviewed, the […]

A promotion in February and dismissed by July is sad news for David Gibbons of HSBC. One must ask if Gibbons was hired for his connections with the OCC, a bank regulator, or his ability. One thing is for sure - Gibbons did not see the risk at HSBC Finance, formerly known as […]

HSBC Mortgage Services plans to close its collections call center in Orlando and eliminate nearly 110 jobs locally, the company said this week (April 6, 2007). The Charlotte-based mortgage business of HSBC North America said it would move the work and an undetermined number of jobs to a similar operation in Tampa. HSBC […]

Major problems have emerged in the anti-money-laundering procedures of the Irish division of HSBC Bank, which manages more than €20 billion in assets. The Sunday Business Post has learned that the bank has installed a new series of money laundering checks after issues were discovered with its existing procedures.

Under Irish law, banks are obliged to […]

Does this sound familiar? Are these tactics used by other debt collectors? Read this article:
The Minneapolis/St. Paul Business Journal - 4:45 PM CST Monday
State Commerce Dept. fines collection agency
By John Vomhof Jr., Staff Writer

An Illinois collection agency owned by Sallie Mae has paid a $125,000 civil penalty after an investigation by the Minnesota […]

We were provided with the list below for our who’s who section. It also shows compliance officers. Household - HSBC Watch has an extensive article about Sherman, Alegis, and what goes on behind the scenes. Part One of this article is here.

SHERMAN ACQUISITIONS JOHN LAGRANT JLAGRANT@ATTENTIONLLC.COM SR. VP
JOHN R. LAGRANT SR. VICE […]

Here is new information provided to Household - HSBC Watch consumer advocates regarding the compliance department for Household Auto Finance - which is also HSBC Auto Finance.

HOUSEHOLD AUTO FINANCE COMPLIANCE DEPARTMENT
ATTN: JOSEPH TRUNK COMPLIANCE MANAGER
FAX (858) 492-6350
HOUSEHOLD AUTOMOTIVE FINANCE CORPORATION
200 SOMERSET CORPORATE BOULEVARD BRIDGEWATER, NJ 08807
PHONE (908) 203-2461
FAX (908) 781-4282
We are filing this […]