HSBC and customer's right to recind

The following information pertains to the right to recind an agreement between HSBC and a customer. It is quite lengthy, but very interesting. The information comes from the FTC and OCC, respectively, according to the submitter. Case law is included: I. TILA & Res Judicata (Analogous to Mr. Curtis xxxxxx , situation since he had …

HSBC invests in Yes Bank

HSBC Financial Services Middle East has picked up a 4.99 per cent stake in Yes Bank in the secondary market. HSBC refused to comment, while Yes Bank said “There is no arrangement for any cooperation with HSBC at this stage.’’ This may be an investment by HSBC or a non-event, depending on how one looks …

How predatory mortgage lenders escape regulation

This is a classic example of how the subprime mess spun out of control. It is a classic example of how state regulators are continually frustrated by federal regulators and their desire to overrule state-level laws. Anyone who thinks they can get results from a local Better Business Bureau, when federal and state complaints are …