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NAACP members are raising awareness about lending discrimination at 17 lending institutions. HSBC released the following statement regarding the NAACP to Eyewitness News: “HSBC Finance Corporation does not comment on litigation. However, at HSBC Finance Corporation, we take our fair lending and consumer protection practices very seriously, and we are confident that we are treating our customers fairly and with integrity.” Well, we will not comment on fairness and integrity, but it is fair to say that Household International, and HSBC Finance (one in the same) could act like a predator with anyone regardless of skin color. Predatory lending is predatory lending.
The lenders cited in the lawsuit are Washington Mutual Inc.; Citimortgage Inc.; HSBC Finance Corp.; GMAC Mortgage Group LLC; GMAC Residential Capital; J.P. Morgan Chase & Co.; Chase Bank USA NA; Fremont Investment & Loan; Option One Mortgage Corp.; WMC Mortgage Corp.; Accredited Home Lenders Inc.; Bear Stearns Residential Mortgage Corp. doing business as Encore Credit; First Franklin Financial Corp.; National City Corp.; First Tennessee Bank doing business as First Horizon National Corp.; Long Beach Mortgage Co.; and Sun Trust Mortgage.
This article, HSBC Finance Corp named in NAACP suit, is just one of our articles from our Bank Horror Stories, HSBC Secrets Part 3
Bank Horror Stories monitors banking problems and customer complaints and has done so since 1999. Writers hold no stock positions. Some material is used under the fair use copyright act.
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