Siddharth N. "Bobby" Mehta New TransUnion CEO

Here is positive proof that a person can be successful after running a subprime operation for HSBC while losing billions of dollars. Originally with Household International, which was charged with predatory lending and later purchased by HSBC, many thought Siddarth (you can call me Bobby) Mehta was in over his head. Mehta was summarily dismissed …

HSBC Involved With Accredited Home Lenders

HSBC bought subprime loans from troubled lender Accredited Home Lenders, but stopped buying subprime loans in April 2007. (sidenote: Bobby Mehta stepped down as chief executive of HSBC Finance Corp. and as head of HSBC North America on February 15, 2007.) Mortgage originators like Accredited Home Lenders usually sell their loans on to other investors …

HSBC Loss Set-aside Up 96 Percent

“What started in 1994 as predatory lending under then-CEO William F. Aldinger finally began to fall like feathers in the wind by 2007” said Household – HSBC Watch. “People need to understand that HSBC Finance has a major credit card operation and they will try to make up earnings somewhere, and regulators seem to be …