Household HSBC Watch

In 2004, the FBI tracked 172 convictions or “pretrial diversions” involving mortgage fraud. The numbers were even greater in the first quarter of 2005, leading to its exhaustive “Financial Crimes Report to the Public.” The study identified the top 10 hot spots for mortgage fraud complaints as California, Nevada, Utah, Colorado, Missouri, Illinois, Michigan, South […]

Does HSBC want to introduce stained and tarnished predatory lender Household International (now called HSBC Finance Corporation) to China? Tread carefully in China. For example:

China executes four accused of bank fraud
Beijing cracks down on financial crime ahead of big IPOs
“BEIJING — China executed four people, including employees of two of its Big Four […]

May 17, 2005 — The Financial Services Authority (FSA) has warned that offshore outsourcing can damage market confidence and consumer protection and hinder the ability to reduce financial crime. In a report published last week, the regulator says businesses that use offshore companies can struggle with the complexity of achieving suitable management and […]

By ROB JOHNSON
Staff Writer , Nashville Tennessean
Mortgage borrowers file RICO lawsuit
Two former Tennessee customers of nationwide mortgage lender Household International are charging in a Nashville federal court that the corporation was functioning as a racketeering operation when it offered misleading loan terms to its potential clients.

The allegations are, in part, a reprise of the charges […]

In much the same way that a resume displays your work experience to a prospective employer, a credit report provides prospective creditors (and in some cases employers and insurers too) with a detailed picture of your credit history. And like a resume, your credit report can influence whether you will receive what you are applying […]