Recently we received complaints about many merchant credit cards managed by HSBC. In fact we receive reports weekly, but we wonder about HSBC Finance and the HSBC technology. One customer said “I went on line two days before my bill was due to pay it and was told that I had to pay […]
Neiman Marcus has settled a lawsuit with HSBC Finance, the operational unit of HSBC formerly known as Household International. The lawsuit pertained to private label credit cards - the cards issued by HSBC Finance (HSBC NV) containing the Neiman Marcus name instead of HSBC’s name. Part of HSBC’s private label credit card agreements […]
Shares of Talbot’s Inc. were battered early Wednesday following its disclosure that HSBC is no longer prepared to continue making letter of credit facilities available to the company. A letter of credit essentially substitutes the credit of a third party (usually a large bank) for that of a borrower. Did HSBC Finance attempt […]
The U.S. Supreme Court on Monday rejected an appeal from Microsoft Corp. and a unit of Best Buy Co., ending a bid by the two companies to stop a class-action lawsuit over a joint marketing campaign for MSN Internet Access service.
The companies had appealed a lower court ruling that allowed them to be sued under […]
The eBay Guitar Finder - your fastest locator of guitar and bass guitars on eBay - announced a joint agreement with Household HSBC Watch consumer advocates today. A portion of ongoing compensation from their operation will be donated to the consumer advocacy program at Household - HSBC Watch. They became the fourth merchant […]
HSBC and Household International has two general forms of merchant agreements with vendors. This pertains to your Best Buy credit card, Saks card, and over 60 other merchants. A list is on the bottom of the page. For this one may substitute the term vendor, merchant, and store interchangeably. Once may […]
Read the last paragraph of this press release. As you read this article remember that HSBC North America Holdings is, in part, former predatory lender Household International sporting a new name.
PROSPECT HEIGHTS, Ill. and NEW YORK, Dec. 23 /PRNewswire-FirstCall/ — HSBC — North America Holdings, Inc. and American Express today announced an […]
Mumbai September 10, 2005 - The UK-based Hongkong and Shanghai Banking Corporation (HSBC) has signed an agreement with US-based Global Payments Inc to form a joint venture for credit card merchant acquiring businesses in Asia, including India. HSBC will transfer its existing credit card merchant acquiring businesses in 10 Asian countries to a new […]
The handwriting is on the wall and the stigma may soon be with certain merchants. Back when Household International was the nation’s top predatory lender, merchants would sign private label credit card agreements with Hosuehold, sacrificing their customers to a predator. Then HSBC bought Household International. One merchant even petitioned the court […]
On March 3, 2005, Saks Inc. disclosed an internal investigation of alleged improper collections of vendor markdown allowances, leading to an informal inquiry by the Securities and Exchange Commission. Saks is one of over 60 merchants for whom HSBC Finance Corporation has a private label credit card agreement. HSBC Finance Corporation is the […]
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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.
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.
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