WASHINGTON - Bank regulators issued new standards for subprime mortgage lending on Friday that includes several new consumer protections. Subprime borrowers should not be penalized for refinancing out of a mortgage before the interest rate resets to a higher level, according to a statement of principles issued by the regulators. The guidelines also […]
Relative to a conversation between Household - HSBC Watch and the Office of the Comptroller of the Currency (OCC) the following regulators have oversight and responsibility:
OTS: HFC - Household Finance Corporation (OTS is the Office of Thrift Supervision)
OTS: Household Financial Services
OCC: Beneficial Finance - Beneficial Bank
FRB: Household Retail Services, HSBC […]
HSBC is regulated by the OCC. However, you may find this useful:
The Office of Thrift Supervision (OTS) is the primary regulator of all federally chartered and many state-chartered thrift institutions, which include savings banks and savings and loan associations.
OTS was established as a bureau of the U.S. Department of the Treasury on August 9, […]
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An open letter to HSBC, Knight Vinke and Stephen Green
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