HSBC watches credit card debt closely
This past summer’s subprime meltdown involved about $900 billion in now-suspect securitized debt, reckless lending, and consumers who buckled under the weight of loans they couldn’t afford. Now another link in the consumer debt chain - credit cards - is starting to show signs of strain. And the fear that the $915 billion in U.S. […]

We monitor customer trends for possible violations of Regulation Z and other possible illegal actions.