Household HSBC Watch

The following information pertains to the right to recind an agreement between HSBC and a customer. It is quite lengthy, but very interesting. The information comes from the FTC and OCC, respectively, according to the submitter. Case law is included:

I. TILA & Res Judicata
(Analogous to Mr. Curtis xxxxxx , […]

JF in Pennsylvania sent this report, which we publish in both of our blogs: “How household Financial gets their mortgage customers and makes money? As you probably already know HFC/Beneficial send out live checks in the mail to thousands across the USA monthly. These range from anywhere from 5k, 7k, 10k. They are at […]

Regulatory scrutiny seems to both HSBC. In the U.K. the banks calls it ‘highly challenging’, while in the U.S. HSBC needs to watch out for state level attorney’s general. It appears as though federal oversight has once again failed. Too little too late describes new guidelines for mortgages. HSBC Finance […]

A crackdown on current account penalty charges could slash the cost of banking for millions of customers. The Office of Fair Trading is telling banks and building societies they must follow guidelines on excessive charging for some services or face a formal investigation. This follows the OFT’s ruling that penalty charges of up […]

As October 2004 marks the end of the fiscal year for many companies, consumer watchdog organization HSBC - Household Watch released their list of the top five companies to watch out for during the holiday shopping season and 2005.

Number 5: Sears - based on the company’s decision to sell existing credit accounts to predatory […]