NAACP members are raising awareness about lending discrimination at 17 lending institutions. HSBC released the following statement regarding the NAACP to Eyewitness News: “HSBC Finance Corporation does not comment on litigation. However, at HSBC Finance Corporation, we take our fair lending and consumer protection practices very seriously, and we are confident that we […]
This is a classic example of how the subprime mess spun out of control. It is a classic example of how state regulators are continually frustrated by federal regulators and their desire to overrule state-level laws. Anyone who thinks they can get results from a local Better Business Bureau, when federal and state […]
This report was submitted by a Connecticut resident. The submitter is responsible for the accuracy of this report, and personal opinions are his:
These are the attorney’s handling many HSBC Mortgage Services foreclosures in Connecticut. Looks like birds of a feather do flock together. A law firm, mortgage company and real estate broker will […]
An amendment disfavoring protection of the debtor’s principal residence was added to bankruptcy laws in 1978. At that time home mortgages were nearly all fixed-interest rate instruments with low loan-to-value ratios and were rarely themselves the source of a family’s financial distress. As a result, bankruptcy law singled out the home mortgage loan as […]
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. […]
HSBC Bank Plc said they would export the “Household Model” of predatory lending to other countries. Named after U.S. predatory and shady lender Household International, it appears Australia will perhaps thwart HSBC’s efforts while protecting their citizens.
Warnings would detail the ultimate cost and time of paying off the credit card debt in minimum monthly […]
Wall Street company Bear Stearns & Co. disclosed last month that its loan-servicing company, EMC Mortgage Corp., which collects bills and buys loans from sub-prime lenders, had handed over documents to the FTC. In a regulatory filing, Bear Stearns said the FTC was investigating “various unnamed sub-prime lenders, loan servicers and loan brokers” for possible […]
In a formal letter to the Federal Trade Commission (FTC) HSBC addresses debt collection by email:
1441 Schilling Place Salinas, CA 93901 June 27, 2005
“The Commission has also asked whether debt collection e-mails should be considered commercial. We do not believe a debt collection e-mail should be considered a commercial e-mail. A debt collection e-mail has […]
WASHINGTON Jan 15, 2006 — Rep. Bob Ney, an Ohio Republican implicated in a lobbying corruption investigation, said Sunday he will step aside temporarily as chairman of the House Administration Committee. “Unfortunately it has become clear to me in recent days that the false allegations made against me have become a distraction to […]
This is the Household - HSBC Watch year end update on H&R Block, Household International, and HSBC tax refund loans. Racketeering charges against HSBC and H&R Block still remain, mostly in part to HSBC’s predatory lending subsidiary formerly named Household International.
CHARLESTON, W.Va. — A Kanawha Circuit judge gave preliminary approval Friday to a $62.5 […]
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An open letter to HSBC, Knight Vinke and Stephen Green
We monitor customer trends for possible violations of Regulation Z and other possible illegal actions.
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