Household HSBC Watch

We received this information today and we thank the submitter. They know who they are. “As a former long time HSBC employee and manager, I continue to hear a great deal of internal information from sources in the know. I’ve had 3 separate and unrelated sources tell me since Monday this week that […]

The following information pertains to the right to recind an agreement between HSBC and a customer. It is quite lengthy, but very interesting. The information comes from the FTC and OCC, respectively, according to the submitter. Case law is included:

I. TILA & Res Judicata
(Analogous to Mr. Curtis xxxxxx , […]

Both the Department of Justice and the Internal Revenue Service visited our website today. The IRS researched 1099 C (cancellation of debt) while the DOJ researched ‘HSBC Consumer Alert’. Since both areas are fully researched and documented by our staff we have material dating back to the old days when […]

HSBC may be involved in more fraud. They claim they monitor mortgage fraud but this one suspects they may be perpetrating it instead. Here is a customer report:

I received a 1099c yesterday for $68,000.00. It says that if the cancellation of debt was through bankruptcy, you do not have to pay taxes on […]

“We need to be very proud of being a part of HSBC,” said Walter Menezes, group executive of Household International (HSBC) credit card services. “Let’s move forward and be stronger together. Let’s make it a reality by being more profitable… and raising our leverage.”

Translation: Let’s up-sell everything we can, tell the customer their payment […]