Household HSBC Watch

Legal experts remind consumers that US law allows judges to triple the damage awards in RICO (racketeering, influence and corruption) cases. Currently Household International, a predatory subsidiary of HSBC, is charged under RICO in two cases. One is Beneficial Finance and H&R Block, and the other is a Tennessee case. Some analysts […]

On October 25, 2004 Household - HSBC Watch reported on a Nashville Tennessee court filing wherein Household International, now called HSBC Finance Corporation, was charged with alleged racketeering, influence and corruption.

On March 31, 2004 we reported that a claim against tax preparer H&R Block and Household on two provisions of RICO — racketeering and […]

Claimed by HSBC:
“New Merchant Relationship Underscores HSBC’s Leadership in Private Label Financing”

Facts behind the story:
1. HSBC’s private label financing is by troubled predatory lender Household International, now a wholly owned subsidiary of HSBC.
2. Merchants receive ongoing compensation from private label credit card accounts.
3. Household, even while owned by HSBC, credited customer payments […]

Consumer Watchdog Organization HSBC Watch, formally Household Watch, informed news services in the United Kingdom of another article about HSBC’s troubled lender Household International.

The article entitled “Mortgage borrowers file RICO lawsuit” first appeared in the Nashville Tennessean on October 25, 2004. It is found here:
http://www.tennessean.com/local/archives/04/09/60293750.shtml?Element_ID=60293750
It is not the first time Household International […]