Here is another class another class action that involves HSBC, among others. The class action suit states that the credit card companies were hiding fees up to 3 percent in foreign transactions by cardholders outside the US, which is a violation of both federal and state laws. Additionally, the class action suit attempts […]
Thursday October 20, 2005 — The Guardian
The country’s biggest credit card companies are resisting demands by the Office of Fair Trading, the consumer watchdog, that they should cut default fees of up to £25 levied on customers who fail to pay their bills on time. Barclaycard, the country’s largest and oldest credit card company […]
Kansas City - August 25, 2005 - News Release
Sources who prefer to remain unnamed report that William F. Aldinger’s assistant still does work for Aldinger while paid by HSBC. Whether part of Aldinger’s retirement package or for some other reason Mary Hicks continues to do work on behalf of Aldinger while paid by HSBC […]
The U.S. credit card industry had seen consolidation in the last two months. Bank of America Corp. has bought MBNA Corp. for $35 billion in June and Washington Mutual Inc. has agreed to buy Providian Financial Corp. for $6.45 billion. HSBC is consolidating its reach in the U.S credit card industry. It is acquiring […]
JOHN LAFALCE, DEMOCRAT, DISTRICT 29, NEW YORK - was later hired by Household International, now owned by HSBC. When LaFalce was in office ehere were his contributors and how much they gave:
Top Contributors (individuals and PACs): J. P. Morgan & Co, $11,000; American Bankers Association, $10,000; BankAmerica Corp, $10,000; MBNA America, $10,000; Dean Witter, […]
The 10 largest general purpose credit-card issuers ranked by market share at the end of 2004:
Bank of America/MBNA - 20.2%
JPMorgan Chase - 19.6%
Citigroup Inc. - 16.4%
American Express - 9.0%
Capital One - 7.5%
Discover - 6.5%
HSBC Holdings Plc - 3.2%
Providian (Wash. Mutual) - 2.6%
Wells Fargo - 1.9%
U.S. Bancorp - 1.5%
No. 3 bank to buy MBNA, creating the nation’s largest credit card issuer; 6,000 jobs to be cut. “BofA leaves HSBC lagging behind, while making HSBC’s buyout of Household International a poorer business decision than originally thought” said advocacy group Household - HSBC Watch.
NEW YORK (CNN/Money) - Bank of America, betting that financial “supermarkets” […]
LIVINGSTON, N.J., June 1 /PRNewswire-FirstCall/ — CIT Small Business
Lending Corporation, the nation’s No.1 Small Business Administration lender
for the last five years and a subsidiary of CIT Group Inc. (NYSE: CIT), today
announced that it entered into a marketing agreement with MBNA America to
provide private-label credit card services to CIT Small Business Lending
customers throughout the U.S.
“Competition is […]
Call somebody about this, anywhere in the world, for FREE
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.
We use your individual HSBC complaints and merchant complaint reports to perform trend analysis.
We are not associated with HSBC, Household International, or their merchants.
Some items are used by permission granted in the Fair Use guidelines of the 1976 U.S. Copyright Act.