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Lumber Liquidators May Lose Customers Says Watchdog

In spite of over a decade of complaints, charges of predatory lending, and lawsuits, Lumber Liquidators signed a credit card deal with HSBC Finance Corporation. For many companies and their investors a decision to sign with HSBC is a sign of a troubled company. Time will tell, but many sign with HSBC to […]

Predatory Side of HSBC Finances Office Max

HSBC North America Holdings’ Business Solutions Group, the commercial arm of the company’s Retail Services business, has entered into a strategic alliance to acquire the consumer and commercial credit receivables of OfficeMax, one of the leading office supply retailers in the United States.

“Our ability to provide customized business payment solutions allows our clients to focus […]

HSBC Pays Less, Increases Overdraft Fee

HSBC will drop the rates on some savings products and business accounts and increase the overdraft rate on all its current accounts. Rates will drop on all cash Isas, Flexible Saver and Instant Access Savings accounts. All business account holders will suffer a drop in their interest rate and overdraft rates are […]

Debitman Signs With HSBC Finance Corporation

HSBC - North America’s retail services business today announced it has formed a strategic alliance with electronic payment network operator Debitman Card, Inc. to accelerate growth in Debitman’s debit card platform, known as “The Retailer’s Network.”

About Debitman
Debitman created and operates the Retailer’s Network, the only national, interoperable electronic payment network for retailer-issued debit cards. Founded […]

Is Office Max A Troubled Company?

Oct. 24 2005 — HSBC North America Holdings’ Business Solutions Group, the commercial arm of the company’s Retail Services business, announced today that it has entered into a strategic alliance to acquire the consumer and commercial credit receivables of OfficeMax(R), one of the leading office supply retailers in the United States. “Our ability to […]

CompUSA Re-Signs With Questionable Credit Card Processor HSBC

August 2, 2005 – HSBC - North America’s retail services business has renewed its relationship with CompUSA to manage the company’s private label credit card program. CompUSA is a leading technology retailer in the United States and Puerto Rico. “When it comes to unleashing the power of technology, our customers expect flexible buying options […]

Has HFC - Beneficial found their way to India?

Household Watch has yet to determine how much of United States Predatory lender Household International is marketed worldwide by HSBC. It is wise for consumers to study the contrast between Household’s $484 million (USD) settlement for predatory lending in the United States and business models announced elsewhere by HSBC.

Often a business entity will search […]