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Ameriquest Settles, HSBC Continues Unabated

Household - HSBC Watch asks you to view this article while contrasting it with HSBC Finance Corporation, as one sees how Ameriquest was charged with items reported daily by customers of HSBC. As HSBC Finance Corporation continues unabated, one must realize HSBC Finance Corporation is the new name of disgraced and troubled predatory lender […]

Selling Your Mortgage to a new company

Facts about Mortgage Servicing, courtesy of the Federal Trade Commission
You usually must be notified at least 15 days before your loan servicing is transferred to a new servicer.

During a 60-day grace period, you cannot be charged a late fee if you mistakenly send your mortgage payment to the old servicer and the new servicer […]

At Last - RICO Suit Against HSBC Over Household International

By ROB JOHNSON
Staff Writer , Nashville Tennessean
Mortgage borrowers file RICO lawsuit
Two former Tennessee customers of nationwide mortgage lender Household International are charging in a Nashville federal court that the corporation was functioning as a racketeering operation when it offered misleading loan terms to its potential clients.

The allegations are, in part, a reprise of the charges […]

Best Buy Non Rebates - Sued

Best Buy Co. Inc., the Richfield-based retail giant, recently ran afoul of two state attorneys general over rebate issues. In May 2004, without admitting wrongdoing, the company settled with New Jersey’s attorney general for $133,000 over claims that it failed to honor rebates.

In August, Ohio’s attorney general sued Best Buy, accusing the company of failing […]

TESTIMONY OF ELIOT SPITZER REGARDING THE OCC

TESTIMONY OF
ELIOT SPITZER
NEW YORK ATTORNEY GENERAL
BEFORE THE ASSEMBLY STANDING COMMITTEE ON BANKS
REGARDING THE
OFFICE OF THE COMPTROLLER OF THE CURRENCY’S
PREEMPTION OF STATE CONSUMER PROTECTION LAWS

New York, New York
April 16, 2004
Good morning.
I want to thank Chairwoman Nolan and the other members of the Banking Committee for convening this hearing on a topic that is […]

Possible Violations of Truth in Lending

I have been told by HRS Customer Service Representatives via telephone conversation that “statements are a courtesy, not a requirement”.

226.5 (2) Periodic statements. (i) The creditor shall mail or deliver a periodic statement as required by 226.7 for each billing cycle at the end of which an account has a debit or credit balance of […]

Open Letter to Visitors

This letter explains our research and complaint gathering methods.
Open letter:
To Whom It May Concern:

We are an independent research study which solicits information from those who financed purchases from various stores that use HRS (Household Retail Services) as their method of financing.
Specifically, we are gathering factual reported cases from consumers that financed on a 6 […]