Household HSBC Watch

HSBC Securities Services is known to be Lehman’s trustee across multiple jurisdictions, said Asian Investor. “The current crisis will no doubt put its trustee function to its most strenuous test to date. After multiple calls to various business heads of the group, no one has been able to respond to AsianInvestor’s question on what […]

NAACP members are raising awareness about lending discrimination at 17 lending institutions. HSBC released the following statement regarding the NAACP to Eyewitness News: “HSBC Finance Corporation does not comment on litigation. However, at HSBC Finance Corporation, we take our fair lending and consumer protection practices very seriously, and we are confident that we […]

Found on the net:
“About the HSBC Center for Consumer Advocacy: HSBC’s financial education grant program is managed by the Center for Consumer Advocacy, established in 2003 to manage the company’s financial education and housing programs and community outreach initiatives. The center also awards grants to educational institutions and maintains the personal financial education web […]

In reading this section which originated from HSBC - HSBC Bank USA (”HBUS”) - regarding money laundering and their refusal to provide information, remember that HSBC wants to overturn state and local laws in favor of federal laws.

“Regarding an investigation into certain wire transfers made through Riggs National Bank… HBUS did receive from Riggs […]

It seems only fitting to write about a subject slightly off topic from our normally blogging efforts. It seems like yesterday, but it was three years ago this month that we lost a sister and dear friend to inflammatory breast cancer. As we reflect upon it one must stress the importance of MRI’s […]

Household Watch added the famous Washington State case to their shared document library today. Many remember Household International as they tried to blame all of HFC’s problems on a rogue office in Bellingham Washington. A nationwide $484 million suit followed.

To view documents click on “login as guest” and go to the public folder.
WASHINGTON […]

TESTIMONY OF
ELIOT SPITZER
NEW YORK ATTORNEY GENERAL
BEFORE THE ASSEMBLY STANDING COMMITTEE ON BANKS
REGARDING THE
OFFICE OF THE COMPTROLLER OF THE CURRENCY’S
PREEMPTION OF STATE CONSUMER PROTECTION LAWS

New York, New York
April 16, 2004
Good morning.
I want to thank Chairwoman Nolan and the other members of the Banking Committee for convening this hearing on a topic that is […]

It is interesting to Household Watch that former CEO of predatory lender Household International and now Chairman of HSBC Holdings USA William Aldinger sits on the board of MasterCard.

Perhaps Aldinger’s Household Retail Services has done enough to give Master Card a black eye. Recent developments in Bahrain revealed an agreement with HSBC, Visa, and […]