Predatory Lender Name Change - Clarification
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Predatory Lender Name Change - Clarification

 
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Posted: Sat Oct 30, 2004 6:58 pm    Post subject: Predatory Lender Name Change - Clarification Reply with quote

Trying to track down troubled predatory lender Household
International? Former stock symbol HI? Need updates to the
nationwide $484 million settlement? Updates on RICO charges against
H&R Block and Household? Perhaps you are looking for Household Retail
Services, HRS or HRSI?

The names have changed.

HSBC North America Holdings (formerly Household International) has the
leadership of William Aldinger at the top, once CEO of Household
International. A subsidiary of HSBC Holdings, it offers consumer
finance; personal financial services; and commercial, corporate
investment, and private banking to some 60 million customers.

It makes secured and unsecured consumer loans mostly to
lower-middle-income customers under the Household Finance and
Beneficial brands. HFC and Beneficial will retain their names and
brand identity for now.

HSBC Card Services is one of the largest issuers of MasterCard and
Visa credit cards, providing co-branded cards such as The GM and
AFL-CIO Union Plus cards. HSBC also offers auto loans and insurance
products. This is the old Household Retail Services, HRS aka HRSI.

HSBC North America is Household International, well known for
foreclosures, suits, repo's, class actions, predatory lending, elder
abuse, insurance fraud, improper credit reporting, violations of
FDCPA, FCRA, Regulation Z, fair credit billing and many other alleged
violations.

No matter what the new name is, the previous track record and speaks
for itself. The "North America" portion means they can perform
similar actions in Canada.

While the OCC seeks to protect them, the American public has had
enough, and authorities can see through the smoke screen. Watch for
new civil RICO cases from those that opted out of Shea v Household.

-------------------------------------
Keeping you informed through www.householdwatch.com

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