Household HSBC Watch

It looks like our government is trying to make us think they are doing something about mortgage fraud. More than 400 defendants were charged by federal prosecutors Thursday in connection with alleged mortgage fraud over schemes carried out since March, said to have resulted in about $1 billion in losses. In a probe […]

HSBC Bank USA has pulled out of the federal student loan program for the upcoming academic year as the credit crunch puts a crimp on academic lending. In other words there is little profit in it or the loan program would have been accelerated instead. On the other hand students with limited […]

An identity theft ring that involved the personal information of 10,000 credit card holders was busted in New Jersey, federal authorities said today. Four men arrested by the U.S. Postal Inspection Service are expected to be arraigned at 2:15 p.m. this afternoon in federal court in Newark. A fifth suspect is at large. […]

“The problem is that if Bank of America really wants something, nobody’s going to outbid them except Citigroup.”

Citigroup is the nation’s largest financial institution but has been barred by the Federal Reserve from making major new acquisitions until it corrects regulatory problems that have gotten it into trouble with authorities in several countries.

Tue May 17, 2005 - Global bank HSBC Holdings said on Tuesday it was in talks to buy a majority stake in Dar Es Salaam Investment Bank of Iraq as part of a plan to expand in the country as it rebuilds after war. The now disbanded U.S.-led occupation authority gave HSBC, […]

When you take the time to file a complaint with the FTC they will reply promptly, and they will assign a reference number to your complaint. Here is part of what you will receive:

One of our consumer counselors reviewed the information you sent us. If it was related to the FTC’s law enforcement responsibilities, […]

The following was sent to the OCC and FBI on behalf of consumers:
Office of the Comptroller of the Currency
1301 McKinney Street
Suite 3450
Houston, Texas 77010-9050

And
Federal Bureau of Investigation
Attn: RICO Investigations
1300 Summit
Kansas City, Missouri 64105-1362
SUBJECT: HSBC NORTH AMERICA AND HSBC FINANCE CORPORATION
The purpose of this communication is to confirm the accuracy of consumer complaints relative to Household […]

Re: FTC Ref. No. 1782918
Dear :
Thank you for recent correspondence. The Federal Trade Commission acts in the public interest to stop business practices that violate the laws it enforces. Letters from consumers and businesses are very important to the work of the Commission. They are often the first indication of a problem in […]