As those of us here at Household - HSBC Watch predicted years ago Representative Bob Ney of Ohio has finally fallen from grace. Rep. Robert Ney (R-OH) accepted thousands of dollars in gambling chips from a businessman who wanted help selling U.S. airplane parts to prohibited countries.
That charge is one of […]
According to a group of prominent bankers, a lawsuit brought by retailers in the US alleging a number of major credit card issuers and banks colluded to fix processing prices will have far reaching consequences for the industry at large if it is successful. The group of international bankers, Reuters reports, has warned that […]
Read the last paragraph of this press release. As you read this article remember that HSBC North America Holdings is, in part, former predatory lender Household International sporting a new name.
PROSPECT HEIGHTS, Ill. and NEW YORK, Dec. 23 /PRNewswire-FirstCall/ — HSBC — North America Holdings, Inc. and American Express today announced an […]
As predicted by our analysts here at Household - HSBC Watch, HSBC’s predatory profit is down. But first, read this article from Saturday, October 1st 2005 in which HSBC said less than one percent of accounts were effected by hurricane Katrina. Now read the newest news release below. Who is lying? […]
By Jason Nisse Published: 04 September 2005
HSBC has been accused of being part of a cartel which has forced up fees and restricted consumers’ rights in the US credit card market.
Two lawsuits, filed in New York and Pennsylvania, have claimed that eight banks plus American Express came together to agree on a fee structure […]
7/13/2005 - Metris has been notified that the staff of the Securities and Exchange Commission plans to recommend that a civil injunction be brought against the company for possible violations of federal securities laws. In a press release late Tuesday, Metris said it received what’s called a Wells notice from the SEC staff in […]
Under rules established by Visa and MasterCard, processors cannot retain cardholder information after handling transactions. HSBC Finance Corporation, the new name of former predatory lender Household International, is a major processor for MasterCard. “This news does not pertain to private label credit cards” said Household - HSBC Watch, a watchdog organization.
According to MSN Money, the IRS launched a major crackdown on credit cards issued by banks such as Swiss American Bank, Royal Bank of Canada and HSBC Bank International with operations in places such as the Bahamas and the Cayman Islands. The General Accounting Office estimates that 1 million to 2 million Americans have offshore […]
Sir John Bond, in the golden years of his life, wants to leave a legacy that he can be rightfully proud of. Nobody wants to go out on a bad note. Fortunately or unfortunately, one is often remembered for the major incidents preceeding retirement.
Household International in the news this month, November 2004:
1. HSBC […]
Kmart Holding Corp. is acquiring Sears, Roebuck and Co., in a surprise $11 billion deal that will create the nation’s third largest retailer, it was announced on November 17, 2004.
Only days after predatory lender Household Retail Services, now known as HSBC Retail Services, announced a deal with K-Mart to market a “K-Mart Rewards Card” the […]
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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.
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