A proposed mortgage industry reform bill has been hotly debated, but one point is perfectly clear. The bill would add funds for enforcement. As lenders and brokers saw a fortune to be made in mortgage lending, enforcement staffing at the state level barely increased since 2003. The problem of funding and staffing […]
Carrick MollenKamp of the Wall Street Journal follows HSBC closely. His recent article “HSBC a canary in US mortgage mine” appeared on 12 November. It is interesting to note that HSBC helped to start the entire worldwide credit crisis. “…HSBC said souring sub-prime-mortgage loans had forced the bank to add nearly $US2 […]
The following evolved into a dedicated page. Read “The HSBC Killzone” to see how this evolved.
A question often asked by those harmed and hurt by HSBC is how they determine who to hurt financially. Early in the investigation one could not determine if people were targeted by their credit scores. Common sense […]
Both the Department of Justice and the Internal Revenue Service visited our website today. The IRS researched 1099 C (cancellation of debt) while the DOJ researched ‘HSBC Consumer Alert’. Since both areas are fully researched and documented by our staff we have material dating back to the old days when […]
Will HSBC buy Ameriquest? A good question promoted by a large number of people visiting Household - HSBC Watch wanting to know the answer. You can see our lengthy speculative report here.
On May 2, 2006, we saw an increase in search engine traffic but when we wrote our report there was nothing in […]
In Shea v Household (HSBC) it was alleged that customers of HSBC sent payments by mail and those payments were credited one day late. Shea v Household covered 1994 through 2004. HSBC bought stained predatory lender Household International in 2002, finalizing the deal in early 2003, thus HSBC Bank plc bears responsibility for […]
Fiduciary duty - the legal requirement that brokers and lenders act in a customer’s best interest - was missing from Ameriquest, Household International, and HSBC. Consumer advocates had more credibility because what they said four years ago came true. Trend analysis by Household - HSBC Watch revealed nation-wide problems before those problems […]
You have been wronged, and you research sites like Household - HSBC Watch, where you find out thousands of others had the same experience. Now what do you do? And what does the scamming company think? In all honesty they know you agreed to binding arbitration, so to heck with you. […]
HSBC Bank Plc came under fire for abusing the United States military, primarily through HSBC Finance Corporation which is former predatory lender Household International. Specific complaints of abuse come as no surprise to Household - HSBC Watch consumer advocates. The watchdog organization performs trend analysis, a project that charts detailed complaints over time. […]
Household - HSBC Watch performs trend analysis based on customer input such as customer complaints and experiences. When data is received from one customer it is compared to previous reports. When specific areas of concern begin to surface they are flagged for investigation. Let’s use a simple example:
(1) 50 reports are received […]
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An open letter to HSBC, Knight Vinke and Stephen Green
We monitor customer trends for possible violations of Regulation Z and other possible illegal actions.
We use your individual HSBC complaints and merchant complaint reports to perform trend analysis.
We are not associated with HSBC, Household International, or their merchants.
Some items are used by permission granted in the Fair Use guidelines of the 1976 U.S. Copyright Act.
