Household HSBC Watch

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 […]

AARP, one of the nation’s strongest lobbying groups, filed their official support of New York Attorney General Eliot Spitzer’s effort to make banks come clean about lending practices. HSBC is included in Spitzer’s effort. Known as “The People’s Lawyer”, Spitzer is dedicated to aggressively prosecuting and defending the interests of all. The Office […]

Bobby Mehta, Chief Executive Officer, HSBC - North America Holdings said “Our consumer lending businesses, which are regulated by states including New York, are not affected by the lawsuits….” (see full statement). Mehta’s statement relative to suits by the Office of the Comptroller of the Currency (OCC) and the Clearing House against […]

August 8, 2005 - New York Attorney General Eliot Spitzer sought dismissal of a case brought by a banking regulator, saying it attempts to strip states of their power to probe mortgage-lending practices at national banks. The U.S. Office of the Comptroller of the Currency, which regulates national banks, sued Spitzer’s office for seeking […]

The Office of the Comptroller of the Currency, the federal banking regulator, filed a lawsuit claiming that New York Attorney General Eliot Spitzer is exceeding his authority with his probe into the banks’ lending practices and interfering with its supervisory powers. Consumer advocates at Household - HSBC Watch claim Spitzer’s probe has […]

02 Aug 2005 Banks denied order against Spitzer — New York attorney-general Eliot Spitzer has won the first round in a lawsuit filed against him by a coalition of banks after a federal judge refused to order a restraining order against the attorney-general.
US Federal District Court Judge Sydney Stein refused the banking groups’ requests to […]

Mon Jun 20, 2005 06:48 PM ET
NEW YORK (Reuters) - A federal judge refused on Monday to grant a temporary restraining order that would have stopped New York Attorney General Eliot Spitzer from investigating large U.S. banks for their lending practices to minorities.
The order was sought by The Clearing House Association of 11 banks and […]

By Colbert I. King, Saturday, June 25, 2005; Page A23
“A home will not become a home if you have to fight your way past predatory lenders and a two-tiered banking system to get one. That may be the plight of many African American bank customers in New York who want to achieve the American dream […]

New York Attorney General Eliot Spitzer has requested information from HSBC’s American arm, Household International, as part of a wider probe into mortgage lending. Some of the many probes have followed tip-offs from insiders about what to search for. Often cases involve neither indictments nor court appearances but are ended through multi-million-dollar negotiated settlements. […]

New York Attorney General Eliot Spitzer has requested information from HSBC’s American arm, Household International, as part of a wider probe into mortgage lending. It is Spitzer’s first foray into retail lending practices and comes after a string of successful investigations by his office into the mutual fund industry, insurance and investment banking. […]