Household HSBC Watch

A recent study looked at completed applications for first mortgages to buy single-family, owner-occupied homes. It considered race and income of applicants and the census tract, and loan amount. The study does not include government-backed loans, second mortgages, home improvement or refinance loans. For example, only 10 percent of the loans reported by HSBC Holdings […]

When Ms. Marshall got a $6,000 home-improvement loan from a credit union in April 2003, she had to pay relatively high interest because of a weak credit score. The credit check had showed a court ruling ordering her to pay overdue rent to a former landlord in a Washington, D.C., suburb. But the judgment […]

By Patricia Sabatini, Pittsburgh Post-Gazette
RISMEDIA, March 18 – (KRT) – The chief of Pennsylvania’s banking department said he will push for a host of reforms, including tougher laws and penalties, to reduce a growing crush of people losing their homes to foreclosure.

Banking Secretary Bill Schenck tied much of the problem to so-called “predatory […]

A History of Predatory Lending With an Emphasis On Household International in America
OVERVIEW:
We decided to write this document as a lesson plan for teachers and professors. You decide if it is appropriate for the courses that you teach. Throughout the lesson you will see student questions, summaries, research questions and real life consumer […]

Dillard’s went with GE, not Household International, a wholly owned subsidiary of HSBC. Reports that GE Consumer Finance does not suffer the tarnished image one associates with Household have not been verified but Household Watch suspects the reports are true.

Federated Department Stores Inc. said it plans to keep its credit card business, including the […]