Short complaints

The Office of Fair Trading, which prosecutes financial crimes in the U.K., reached an agreement with HSBC Holdings Plc, Royal Bank of Scotland Group Plc and six other banks on overdraft fees, while earlier this month another watchdog said it would limit how banks sell some forms of payment insurance. The regulatory overhaul being crafted …

Bestbuy zero interest plan upset

Fact Checker — PK in Washington said this recently: “My Best Buy account previous balance was $532.47. My latest bill shows interest charged of 344.66 raising the bill to $827.13. What is this? I haven’t bought anything for quite some time. I was also charged $25.00 for a late payment reversal even though the payment …

HSBC Recklessly Forecloses on Active Duty Military

A new suit, filed in U.S. District Court in Minnesota accuses Illinois-based HSBC Mortgage Services of violations of the Servicemembers Civil Relief Act, signed into law in 2003 as a way of easing the economic and legal burdens on military personnel called to service. News of the suit was published April 21, 2012 in the …

The HSBC Monitor

In 2009 HSBC launched “The Climate Confidence Monitor” which is a global piece of research carried out by the HSBC Climate Partnership to measure and track consumer attitudes in twelve countries and territories on climate change issues. Isn’t that sweet? Since HSBC is now seven years removed from the bank’s ill-advised purchase of predatory lender …