Household HSBC Watch

This is another update from our friend Curtis: “Please be advised of the following. I am currently involved in taking legal action against HSBC Mortgage Services Inc. in Brandon Florida.

My current mortgage was audited and found to be in violation of TILA, RESPA, HOPA and the Fair Trade Practices Act. The loan as […]

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 , […]

Consumers with credit cards from HSBC constantly report violations fo the Federal Truth in Lending Act. (see the act here)

Violations date back to 1994 when credit cards were part of Household International, famous for evictions and predatory lending, according to consumer watchdog organization Household - HSBC Watch. In 2003 Household was renamed HSBC […]

David McIntyre v. Household Bank, No. 02 C 1537 (N.D. Ill., August 20, 2002) 2002 U.S. Dist. LEXIS 15346; Plaintiff filed a class action suit alleging that defendant violated the Truth in Lending Act (TILA), and defendant moved to stay the proceedings pending arbitration pursuant to section 3 of the Federal Arbitration Act. Plaintiff’s attorneys […]

I have been told by HRS Customer Service Representatives via telephone conversation that “statements are a courtesy, not a requirement”.

226.5 (2) Periodic statements. (i) The creditor shall mail or deliver a periodic statement as required by 226.7 for each billing cycle at the end of which an account has a debit or credit balance of […]