Private label credit cards made their way to India as part of HSBC’s ‘Household Model’. In the United States many customers are fimiliar with cards such as the Best Buy card, or perhaps their CompUSA credit card. Regulators, on the other hand, are familiar with Shea v Household where Household International, and later […]
Hongkong and Shanghai Banking Corporation (HSBC) seems to have turned a blind eye to the Reserve Bank of India’s (RBI) draft guidelines on credit cards. HSBC and retailer Trent Ltd have launched a co-branded card that offers 10 per cent discount on monthly grocery purchases. The private label credit card is being offered to […]
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An open letter to HSBC, Knight Vinke and Stephen Green
We monitor customer trends for possible violations of Regulation Z and other possible illegal actions.
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