Household HSBC Watch

Over 420 votes are in and HSBC credit cards are ranked as poor or unprofessional by 80 percent of those who voted. See the survey here. However, Ken Harvey, HSBC’s chief information officer, told analysts at a presentation the bank would reap the rewards of its global scale as well as its […]

LONDON (Reuters) - Britain’s Financial Services Authority (FSA) said on Wednesday it had fined global bank HSBC 100,000 pounds for failing to ensure the accuracy of transaction reports from its stockbroking unit.
“In July 2005 the FSA requested certain trading information from HSBC Stockbroker Services (HSS) which, when reviewed, revealed that HSS had reported the client […]

All California Good Guys stores close, while home entertainment products and expertise expand within CompUSA locations. In response to consumer buying preferences and demands, Good Guys is closing the doors to its 46 locations. n According to GoodGuys.com “After more than 30 years of providing the best in high-end entertainment products, along with unmatched […]

While discussing the FACT Act: “HSBC advises consumers to check their credit report at least once every six months to catch any inaccuracies.” One study by the National Association of State Public Interest Research Group shows that almost 25 percent of all credit reports have errors serious enough to result in a denial of […]

The Office of Foreign Assets Control (”OFAC”) of the US Department of the Treasury administers and enforces economic and trade sanctions based on US foreign policy and national security goals against targeted foreign countries, terrorists, international narcotics traffickers, and those engaged in activities related to the proliferation of weapons of mass destruction.

OFAC acts under […]

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 […]

Predatory Lending, defined
Predatory lending means imposing unfair and abusive loan terms on borrowers, often through aggressive sales tactics, taking advantage of borrowers’ lack of understanding of extremely complicated transactions, and outright deception. Predatory loans turn the dream of homeownership into a nightmare, in the worst instances ending in foreclosure. (courtesy ACORN.ORG)

Predators Indentified by […]