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05 Compliance

21 December
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Status of High-Profile Corporate Scandals

A look at some of the high-profile corporate scandals of recent years and the status of legal action in each. QWEST COMMUNICATIONS INTERNATIONAL INC. _ Former Qwest CEO Joseph Nacchio is indicted Tuesday on 42 counts of insider trading accusing him of illegally selling off $101 million in stock. In [...]

Bill Collectors Calling on Sunday

Bill collectors are not allowed to call after 9 at night and cannot call on Sunday – or so you thought. If it happened to you see our “Your Money” page to see how much you can charge them because of their violation. The FDIC tells them so – use [...]

29 November
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HSBC Ignores FSA Code Again

Commonly accepted principles of corporate governance include disclosure and transparency–whereby organizations clarify management’s roles and responsibilities to provide shareholders with a level of accountability, and the rights of, and equitable treatment of, the shareholders in question. British banking behemoth HSBC (nyse: HBC – news – people ) may have gone [...]

21 November

HSBC Fraud and Predatory Credit Remains Unsolved

Is this a forged dual-application from Best Buy? A lack of communication within the family? It is, however, a good example of their MarterCard application which claims “$0 to $99 fee” which is usually $99 no matter what. For new merchants, this poses a problem. Will Liz Claiborn and Saks [...]

17 November
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HSBC Apparel Merchants May Report More Losses

Watch for the possibility that more of HSBC’s merchants in the apparel industry may report more in a continuing string of losses. Higher fuel prices and less discretionary income, combined with credit cards from a predatory lender, may mean more dismal quarterly reports. “Payouts under Shea v Household (HSBC) are [...]


HSBC is cutting back in the U.S. after its 2003 purchase of Household International Inc. required it to set aside more than $65 billion for bad loans

Update Note

HSBC car loans were sold to Santander USA in 2010 :: Most HSBC credit cards became Capital One credit cards in 2012 :: HSBC horrible predatory home mortgages are in run-off