Household HSBC Watch

A former employee of HSBC in Florida sent us this opinion: “Ex-employee from HSBC, parent company of HFC/Beneficial collections team. First I would like to straighten some facts about prior to my bashing. This company is a pay for performance company and each employee has the bonus options. The better you […]

Many lenders went out of business or declared bankruptcy, but major losses and write-downs from subprime continue. Lawsuits are beginning, as Ohio’s Attorney General tries to show that Freddie Mac duped investors by not revealing how risky the subprime market was. The risk to other lenders is high if a precedent is set. […]

We received this report late Friday and will protect the writer / sender’s identity:
I am amazed that the layoffs and future layoffs of super sub prime lending giant HFC (Household/Beneficial) , also known/owned and directed by HSBC has not made more headlines.

In the state of Pennsylvania alone more than 25 offices are likely to […]

Just in time for the holiday season thieves found a way to steal the remaining balance on store gift cards. They take the information from the gift card, put the card back on the sales rack, and then wait for someone to buy it and activate it. Thieves call the telephone number on […]

North America’s retail services business (NYSE:HBC) has extended its long-term agreement with Art Van Furniture to provide a private label credit card program. Ranked 12th in Furniture Today magazine’s “Top 100 U.S. Furniture Stores,” Art Van operates 29 stores in 28 cities throughout Michigan.

Since 1980, HSBC and Art Van have partnered to offer Art […]

PROSPECT HEIGHTS, Ill.–(BUSINESS WIRE)–March 21, 2006–HSBC - North America’s retail services business has signed a multi-year agreement to renew its retail credit program with Storehouse Furniture Inc., a leader in well-designed, well-priced contemporary furnishings. Storehouse, recognized as one of the top 100 furniture stores in America, is a Winner of the American Furniture Award from […]

Typically the introduction and maintenance of a private-label card is more of a financially driven decision that means lower credit processing fees and more money made off of each transaction. A review of merchants in the HSBC Finance Corporation Household International private label card program indicate many are in financial trouble. The decision to […]

It is tax season again and H&R Block is advertising on television, newspapers, and on the radio. Those who really ant a rapid refund or tax anticipation loan might not care that H&R Block has racketeering charges pending against them and fellow pedator Household International. Household is now owned by HSBC, but that […]

In a press release that shows HSBC learned well from Shea v Household and continuing questions about HSBC Finance Corporation credit card payments, we find that HSBC can still be “Hong Kong Shanghai” if they want to, but not in the United States:

BEIJING, Nov. 10 (Xinhuanet) — HSBC Holdings Plc., Europe’s largest bank by […]

BEIJING - HSBC Holdings Plc., Europe’s largest bank by market value, said it expects to issue one million dual-currency credit cards by July with partner Bank of Communications Ltd., outpacing rival Citigroup Inc. in the world’s fastest-growing consumer market. “We are on track to meet our target,” Ron Logan, head of the credit […]