Household HSBC Watch

HSBC made the news again. This time it was an article about home equity lines of credit — or the fact that such credit lines are frozen or gone all together. When Denise Lopez bought two new tables, a floor lamp and a chair recently, her intent was to finance it with her […]

David McIntyre v. Household Bank, No. 02 C 1537 (N.D. Ill., August 20, 2002) 2002 U.S. Dist. LEXIS 15346; Plaintiff filed a class action suit alleging that defendant violated the Truth in Lending Act (TILA), and defendant moved to stay the proceedings pending arbitration pursuant to section 3 of the Federal Arbitration Act. Plaintiff’s attorneys […]

Many articles address HSBC’s reputation after they bought troubled U.S. predatory lender Household International. Household was examined by regulators when they evicted an 89 year old woman from her home.

Household International hurt Americans in a way that is neither forgotton nor forgiven. HSBC underestimated the impact on HSBC’s reputation as those hurt by Household […]

Found on the net today:
“I am currently employed in a contract position for HSBC/(Formerly Household Finanace Corporation - that’s who hired me), and I have to say this company is ridiculous. I work at a helpdesk in the states, one of only 2, supporting more than 400,000+ employees worldwide. We are only employed here until […]

October 22, 2004
University of Maryland University College
3501 University Blvd. East,
Adelphi, MD 20783

Nicholas Allen:
On March 28th, 2003 HSBC completed the acquisition of predatory lender Household International, a deal which was in the works when UMUC aligned themselves with Household. Two days after the acquisition was finalized, this news broke:
“”LONDON -(Dow Jones)- HSBC Holdings PLC […]