Household - HSBC Watch

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Glossary

  • Aldinger, William F.
    • CEO of Household International from 1994 through 2002. Sold Household International to HSBC amid predatory lending allegations.
  • Best Buy
    • Consumer electronics retailer based in Minnesota; uses Household International HSBC Finance Corporation for Best Buy credit card operations.
  • FDCPA
    • In effect since March 1978, the Fair Debt Collection Protection Act prohibits abusive, deceptive and unfair debt collection practices. For example, in an effort to collect a debt, a collector may not discuss the debt with anyone other than the consumer and certain other persons, such as the consumer's attorney or spouse. In addition, under the FDCPA, collectors may not make false statements, use obscene or abusive language, threaten to take legal action they cannot or do not intend to take, call consumers at work if they know it is inconvenient or not permitted by the employer, or call consumers at other times they know to be inconvenient to the consumer, such as before 8:00 a.m. or after 9:00 p.m.
  • HFC
    • Household Finance Corporation. Part of HSBC, active in the U.S., Canada, and Europe. Predatory lender involved in tax refund loans and more.
  • Household International
    • HSBC Finance Corporation
  • HRS
    • Household Retail Services; now HSBC RS, HSBC Retail Services
  • HSBC
    • Hong Kong Shanghai Bank Corporation
  • HSBC NV
    • HSBC Bank Nevada. A member of the national association regulated by the OCC.
  • OCC
    • Office of the Comptroller of the Currency. Their phone number is 1-800-613-6743.
  • Predatory lending
    • In the strictest and legal sense, predatory lending refers to secured loans such as home or car loans which are made by the lender with the intention that the borrower will not repay the loan, allowing the lender to seize the car or home and sell it for a profit. Colloquially, the term has been expanded to refer to the practice of convincing borrowers to agree to unfair and abusive loan terms.
  • Private Label Credit Card
    • A store card such as a Best Buy credit card or Levitz card.
  • Trend Analysis
    • The analysis of the changes in a given item of information over a period of time. Analyzing data to determine future performance.
  • William Aldinger
    • CEO of Household International from 1994 through 2002. Sold Household International to HSBC amid predatory lending allegations.




    Household - HSBC Watch is the voice of HSBC account and cardholders. We are funded by Settlement Scams and All VoIP. We monitor customer trends for possible violations of Regulation Z and other possible illegal actions. We use your individual HSBC complaints and merchant complaint reports to perform trend analysis. We are not associated with HSBC, Household International, or their merchants. Some items used by permission granted in the Fair Use guidelines of the 1976 U.S. Copyright Act.