I like the statement by First Premier which says they did the same thing others were doing, and it was commonly accepted in the credit card industry. Here is the article:
NEW YORK, Aug 15 - First Premier Bank agreed to refund $4.5 million to settle a probe into the marketing of […]
Alex Hungate said: “I want to help HSBC grow by maintaining a relentless focus on the needs of its customers. In this role, with its combination of global leadership of the Personal Financial Services business plus the marketing function, I want to ensure that our services always deliver on the powerful promise of the HSBC […]
Recent problems in the subprime sector spread around the world very quickly. Then the problems spread to Alt-A mortgages. Cash strapped borrowers with second mortgages and adjustable rate mortgages caught the attention of the world. By the morning of August 9, 2007, something else caught the attention of investors around the world. […]
According to Reuters, Hong Kong stocks arrested a three-session record streak on Wednesday, taking cues from steep falls on Wall Street, as investors shed HSBC Holdings Plc on worries that rising defaults in the U.S. subprime mortgage market could dent the global bank’s profit.
Could dent profits? Like it has not done so […]
HSBC USA thought it was a great idea to refinance or finance debt from Household International. Now called HSBC Finance Corporation, it was not a great idea after all. Since HSBC USA and HSBC Finance Corporation share the debts the not-so-rosy picture effects both, and greatly impacts HSBC overall.
Net income for the HSBC […]
New Delhi, April 25: The investigative arm of the country`s anti-monopoly watchdog has recommended action against HSBC for making false promises to credit card customers and violating the RBI guidelines.
In its preliminary report submitted to the monopolies and restrictive trade practises commission, the Director General of Investigation and Registration (DGIR) said that HSBC violated […]
Household - HSBC Watch consumer advocates said for years that a combination of high HSBC interest rates, questionable payment processing and troubled merchants is a bad combination for customers and credit card holders.
Add Storehouse to HSBC’s list of merchants, also known as troubled companies that need every dime of ill-gotten gains ot stay in business. […]
Over 420 votes are in and HSBC credit cards are ranked as poor or unprofessional by 80 percent of those who voted. See the survey here. However, Ken Harvey, HSBC’s chief information officer, told analysts at a presentation the bank would reap the rewards of its global scale as well as its […]
Typically the introduction and maintenance of a private-label card is more of a financially driven decision that means lower credit processing fees and more money made off of each transaction. A review of merchants in the HSBC Finance Corporation Household International private label card program indicate many are in financial trouble. The decision to […]
Did anything change between their findings in 2004 and the sellout of American consumers in 2005? Not that we can tell. Former predator Household International was instrumental in pushing for bankruptcy reform, and HSBC took over after they bought Household.
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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.
We use your individual HSBC complaints and merchant complaint reports to perform trend analysis.
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