Household HSBC Watch

Carrick MollenKamp of the Wall Street Journal follows HSBC closely. His recent article “HSBC a canary in US mortgage mine” appeared on 12 November. It is interesting to note that HSBC helped to start the entire worldwide credit crisis. “…HSBC said souring sub-prime-mortgage loans had forced the bank to add nearly $US2 […]

HSBC should not be allowed to buy Korea Exchange Bank (KEB) until all legal investigations into the domestic lender are resolved, South Korea’s finance minister says. Kwon O-Kyu’s comments in Thursday’s Financial Times could signal a setback to hopes of sealing the 6.3 billion dollar deal quickly.

Kwon said South Korea’s watchdog the Financial Supervisory […]

Beneficial National Bank is regulated by the OCC and owned by HSBC Bank Plc. Here is your April 2006 update. The attorneys will make millions and HSBC gets another stain on its reputation, but it’s doubtful that customers will even notice the opportunity to participate in this settlement.

CHICAGO — Plaintiff class representative Lynne […]

The handwriting is on the wall and the stigma may soon be with certain merchants. Back when Household International was the nation’s top predatory lender, merchants would sign private label credit card agreements with Hosuehold, sacrificing their customers to a predator. Then HSBC bought Household International. One merchant even petitioned the court […]

One lawsuit that is still active against H&R Block and HSBC (formerly predatory lender Household International) was filed in 1998 by a New York plaintiff, Lynne Carnegie, who claimed she paid $110 for a nine-day advance on a $500 refund.

“Predatory lending is clearly defined by this case” said watchdog organization Household - HSBC Watch. […]

12 things a debt collector cannot do:
Contact you at inconvenient times or places, such as before 8 a.m. or after 9 p.m., unless you agree;
Contact you at work if he/she knows that your employer disapproves of such contacts;
Use obscene language;
Repeatedly use the telephone to annoy you;
Make false or misleading statements or writings, such as falsely […]

Kmart Holding Corp. is acquiring Sears, Roebuck and Co., in a surprise $11 billion deal that will create the nation’s third largest retailer, it was announced on November 17, 2004.

Only days after predatory lender Household Retail Services, now known as HSBC Retail Services, announced a deal with K-Mart to market a “K-Mart Rewards Card” the […]