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An HSBC Wedding Loan Promotion for the U.S.

Isn’ this sweet: The Hongkong and Shanghai Banking Corporation (HSBC) Ltd in Bangladesh has awarded the winners of the HSBC Wedding Loan Promotion through a small ceremony held in Sylhet recently. We propose a promotion in the United States. It would be called the ‘HSBC Process Your Payment Correctly’ promotion. That […]

The case of the dead parent and HSBC’s credit insurance

HSBC Finance - formerly Household International - has been a sore spot for activists, investors, and shareholders. Often we report complaints that suggest anyone can or may be a target for HSBC. however, when a child or a parent dies and HSBC does not step up and take responsible and intelligent action it […]

How predatory mortgage lenders escape regulation

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 […]

CompUSA 18 month plan gone bad

BB said: ” I purchased an item with 18 months “same as cash” plan from CompUSA on August 12. My understanding of “same as cash” is you have a certain amount of time to pay the balance before accrued interest charges are added to your account. You also can pay it off at any […]

Stephen Green - What The World Really Wants - Integrity and Fairness From HSBC

Stephen Green, Group Chief Executive, HSBC Holdings plc, said: “HSBC’s Future of Retirement: What the world wants research shows that individuals increasingly expect to bear their own costs in later life, but governments and business must understand their role in continuing to support individuals. They cannot afford to shy away from the enormous challenges and […]

Sue Jex, HSBC’s Group Head of Diversity Faces Challenges

Sue Jex, HSBC’s Group Head of Diversity said “Employee diversity is critical for corporate success. At HSBC, being the world’s local bank means getting this absolutely right so that we successfully reflect and understand our local customer base. International Women’s Day provides HSBC with an excellent opportunity to globally support a wide range of women’s […]

Metris Layoffs Announced

Household - HSBC Watch has learned of layoffs within Metris now that HSBC owns the company. Jacksonville Florida and White Marsh Maryland locations of Metris have seen layoffs. In addition, the Metris skip tracing and debt waiver department received notice that their last day will be May 12th. Look for other […]

About VantageScore - Your New FICO Score

The three credit bureaus insist a new scoring system, called VantageScore, will simplify the credit-granting process. However, they have released so few details about it that industry officials and consumer activists said that the credit-application process could become more confusing for consumers, certainly in the short-term and possibly longer.

One reason: VantageScore will use a […]

Credit card price fixing suit could cost industry over $100 billion, experts say

According to a group of prominent bankers, a lawsuit brought by retailers in the US alleging a number of major credit card issuers and banks colluded to fix processing prices will have far reaching consequences for the industry at large if it is successful. The group of international bankers, Reuters reports, has warned that […]

Beware of Fake Credit Report Websites

(Colorado Springs, CO, July 28, 2005) - The Better Business Bureau of Southern Colorado, along with Colorado’s 18th Judicial District Attorneys Office is advising consumers to be very careful when ordering copies of credit reports on-line.

As more consumers learn about a new federal law that entitles every US citizen to obtain a free copy of […]