79 Percent Rate HSBC Credit Card Poorly

As we near the end of 2006 and holiday spending increases a recent poll at consumer advocacy website Household – HSBC Watch asks visitors to rate their HSBC-backed credit card. With over 500 participants responding to the poll question an astonishing 79 percent rated their HSBC backed credit card as ‘poor’ or ‘totally unprofessional’. You can vote in the poll by clicking this link or by viewing any article in the Household – HSBC Watch blog.

Challenges mount against HSBC refund-anticipation loans

Most sued and former executive of HSBC and CEO of predatory lender Household International William F. Aldinger III once boasted that his company ‘invented tax refund loans’ – and they are proud of it. Household, and later HSBC, partnered with H&R Block. H&R Block CEO Mark Ernst appeared eager to turn the page on a flurry of disappointing corporate news. Speaking at the firm’s annual shareholders meeting in Kansas City this week, the head of the nation’s largest tax preparer outlined a fee-reduction plan that implicitly responded to critics who have charged that refund-anticipation loans unfairly siphon high interest charges from millions of low-income Americans.

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Bob Ney, Friend of HSBC and Household International – GUILTY

As those of us here at Household – HSBC Watch predicted years ago Representative Bob Ney of Ohio has finally fallen from grace. Rep. Robert Ney (R-OH) accepted thousands of dollars in gambling chips from a businessman who wanted help selling U.S. airplane parts to prohibited countries.

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eBay Guitar Finder Supports Advocacy Program

The eBay Guitar Finder – your fastest locator of guitar and bass guitars on eBay – announced a joint agreement with Household HSBC Watch consumer advocates today. A portion of ongoing compensation from their operation will be donated to the consumer advocacy program at Household – HSBC Watch. They became the fourth merchant to support the watchdog organization.

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