Household HSBC Watch

In a lesson plan, designed to teach about predatory and subprime lending, we asked this question of students in 2005: “What is the impact on a country’s economy if predatory lending is left unchecked?” Three years later the answer is clearly obvious. As of today the world has seen over $515 billion […]

On the legal front it appears as though HSBC USA and HSBC North America Holdings have some explaining to do. In a recent court document it was discovered that the are actual two additional holding companies as part of HSBC in the United States. Why is that?

There are actually two additional US holding […]

This report was submitted by a Connecticut resident. The submitter is responsible for the accuracy of this report, and personal opinions are his:

These are the attorney’s handling many HSBC Mortgage Services foreclosures in Connecticut. Looks like birds of a feather do flock together. A law firm, mortgage company and real estate broker will […]

The final outcome of Shea vs Household was as follows, and is filed in Superior Court for the State of California, Case Number 00CC12585, published March 19, 2004. The Honorable Stephen J. Sundvold presided.

The lawsuit alleged that Household imposed certain finance charges, late fees, a overlimit fees between October 20, 1994 and March 18, 2004 […]

PHILADELPHIA - Delaware officials asked a federal appeals court Thursday to let them keep public records beyond the reach of nonresidents.

A New York consumer activist is fighting to learn details of the state’s $484 million settlement with a finance company over predatory lending. The finance company was Household International, now owned by HSBC and […]

In retrospect those who settled with Household International on charges of predatory lending would have done it differently. No doubt exists that Household’s predatory lending settlement was a guideline for the Ameriquest settlement. Both were accused of predatory lending. Both were involved with people’s real estate loans, either as primary predators or […]

She’s 60 years old and works two jobs, earning about $30,000 a year. She’s divorced and has raised four sons, and she has been paying on her small home in Akron’s Kenmore neighborhood since 1985. She took out a mortgage in her own name in 1990 for $20,000. More than 15 years […]

HSBC partner, tax preparer H&R Block, will restate earnings. The company, which is in the middle of its make-or-break season preparing other people’s tax returns, said it had underestimated its own “state effective income tax rate” in previous quarters — meaning it owes another $32 million in back taxes.

As a result, H&R Block […]

A LAW student paid £5,000 by Abbey National after he accused the bank of “excessive” charges yesterday made legal claims against EIGHT others.

Father-of-three Stephen Hone, 29, was charged £2,000 in current account fees in six years. He sued and the bank failed to mount a defence, later agreeing a settlement.
Yesterday he filed similar […]

Editorial - A helpline caller asked if we had personally been victimized by HSBC. In reality they were called Household International back then, but the answer to the callers question was ‘yes’. Every one of us was a victim, or was prevented from becoming a victim with last minute help. The […]