Household HSBC Watch

This is another update from our friend Curtis: “Please be advised of the following. I am currently involved in taking legal action against HSBC Mortgage Services Inc. in Brandon Florida.

My current mortgage was audited and found to be in violation of TILA, RESPA, HOPA and the Fair Trade Practices Act. The loan as […]

Even bankrupt lenders are looking for a new approach to lending. One subprime lender, the bankrupt Delta Financial, is reemerging as a lender of FHA mortgages and other “alternative” products. The company’s former chief executive, Hugh Miller, along with a small group of former Delta executives, is launching Reliance First Capital, a mortgage company […]

The annual report to State Attorney’s General has been published in our blog so our readers can see a breakdown of complaints on a state by state basis. It is in our complaints blog - a fitting home for this annual report. The report was mailed to the National Association of Attorneys General […]

How was the subprime crisis facilitated by lack of regulatory action? This report speaks to the situation quite loudly:

A federal appeals court on Tuesday upheld a lower court’s 2005 decision that barred the New York attorney general’s office from subpoenaing documents and instituting enforcement actions against national banks as part of an investigation into […]

I like the statement by First Premier which says they did the same thing others were doing, and it was commonly accepted in the credit card industry. Here is the article:

NEW YORK, Aug 15 - First Premier Bank agreed to refund $4.5 million to settle a probe into the marketing of […]

On May 30, New York Attorney General Andrew Cuomo announced a settlement in which HSBC will pay $850,000 in civil penalties and reimburse the state of New York about $68,000 for costs associated with the cleanup of a contaminated industrial site in eastern New York.

It is one of the nation’s first Superfund cases against a […]

NEW YORK, June 19 - Standard & Poor’s on Monday raised its ratings on HSBC Holdings Plc. and its subsidiaries, citing greater diversification earnings, and stabilization of its consumer finance business. “The upgrade of holdings reflects the increasingly strongly diversified earnings profile and global reach of the well-managed HSBC group, and the reduced […]

In what is becoming a regular happening at HSBC’s tax preparation partner H&R Block, more charges were presented and executives have been exposed. Here it is:

ALBANY, N.Y. - New York Attorney General Eliot Spitzer on Monday said he has evidence that H&R Block executives not only knew they were pushing customers to buy money-losing retirement […]

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 […]

(Buffalo News, The (NY) (KRT) Via Thomson Dialog NewsEdge) Apr. 26–No, HSBC isn’t running an airport. But it might start to look that way in New York City. In a first-of-its-kind arrangement in North America, HSBC Holdings Plc will put its name and advertisements on the interior and exterior of the 108 jetbridges at […]