Household HSBC Watch

Proof that more bankers wish to distance themselves from HSBC, HSBC Finance Corporation, and allegations of predatory lending is apparent. As fewer banking professionals wish to associated with HSBC and sub-prime loans competitors hired HSBC top brass.

JP Morgan hired George Foussianes, who was head of Americas global banking for HSBC and oversaw investment banking, […]

ZZ in New York says: “I believe I have a slam dunk case against this firm for filing a false affidavit of service. The only two parties in the house at the time that fit the description could not physically be there because they were both at work. My girlfriend -whom the […]

As recent opinion in our blog said:
“Their customer care, as they like to call it, - Where is it? HSBC HAS THE WORST CUSTOMER CARE! I have never received customer service like this. I plan to cancel all credit cards with HSBC. You read their website with false statements claiming “customer service is […]

One customer told our staff at Household- HSBC Watch “I sent all of my payments by mail via ‘return receipt requested’ (which is about $1.90 extra) and they have posted ALL my payments in a very timely manner. I have had absolutely no problems with my HRS account.”

Businesses have a responsibility to their customers, […]

Private label credit cards made their way to India as part of HSBC’s ‘Household Model’. In the United States many customers are fimiliar with cards such as the Best Buy card, or perhaps their CompUSA credit card. Regulators, on the other hand, are familiar with Shea v Household where Household International, and later […]

Hongkong and Shanghai Banking Corporation (HSBC) seems to have turned a blind eye to the Reserve Bank of India’s (RBI) draft guidelines on credit cards. HSBC and retailer Trent Ltd have launched a co-branded card that offers 10 per cent discount on monthly grocery purchases. The private label credit card is being offered to […]

Proof that flat-panel TVs is a boon for retailers can be found in their earnings statements. Best Buy Co. saw an 85 percent jump in first-quarter 2005 profits due in part to skyrocketing sales of flat-panel televisions. Consumer advocates at Household - HSBC Watch remind consumers that Best Buy, Good Guys and CompUSA private […]

If you negotiate a settlement, you’ll usually receive an Internal Revenue Service (IRS) Form 1099 that shows the amount of money representing the difference between the negotiated settlement amount and the balance in full. There are several types of 1099 forms that report on earned gross income (money from which taxes have not been deducted). […]

Tue Jun 28, 2:11 PM ET, WASHINGTON (Reuters) - U.S. soldiers about to ship out to war zones would get protection from sales pitches for high-cost low-benefit life insurance and other dubious financial products under legislation approved by the U.S. House of Representatives on Tuesday. The bill, approved 405-2, would allow military post commanders […]

KANSAS CITY, Mo. - H&R Block Inc. has tentatively agreed to settle a class-action lawsuit over its tax-refund loans for $360 million. The nation’s largest tax preparer and its banking partner, HSBC Taxpayer Financial Services Inc., were accused of gouging customers by providing “refund anticipation loans” at interest rates frequently exceeding 100 percent. […]