World Banking World Fraud by John Cruz

Here at Household Watch we got our start monitoring and writing about predatory lender Household International. Then HSBC bought the predator, thus we have almost eight years of HSBC material. Now a new book by a former HSBC insider brings new material to light. It does not shock us at all. John Cruz just released …

You can challenge your HSBC foreclosure says OCC

US officials have launched an independent review process in which individuals can challenge foreclosures carried out by HSBC and other lenders / servicers. Independent consultants would assess if borrowers lost out financially “through errors, misrepresentations or other deficiencies in foreclosure practices,” the Office of the Comptroller of the Currency said Tuesday. Where that is the …

Investor files FINRA claim against HSBC

FT. LAUDERDALE, Fla., Sept 26, 2011 /PRNewswire/ — A Honduran investor has filed claim against HSBC alleging that an investment described as a “Washington Mutual” perpetual bond was not a bond at all, but a derivative mortgage backed security, created by Washington Mutual, to take toxic home equity loans off its books. The claim, filed …

HSBC Household not registered to do business in Alabama?

LM in Alabama asks: “Looks like HSBC a/a/o Household Finance Corp of Alabama in 2008 and 2009 have numerous lawsuits which resulted in consent judgments and default judgments against the debtors. The interest rates in the consent judgments are exorbitant, and many of the complaints start as HSBC is a DE corporation with an address …