Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
Back to profile4 entries
2016
Jaffe v. Household International shareholder litigation
HSBC Finance proposed a settlement of a shareholder class action involving events that occurred before HSBC acquired Household International. The settlement remained subject to court approval at the time described in the source.
2015
Exposure of US mortgage-customer information
Information associated with US mortgage customers, reportedly including Social Security numbers and telephone numbers, was accidentally uploaded to a publicly accessible server and indexed by Google.
2008
Payment Protection Insurance enforcement involving HFC Bank
The United Kingdom Financial Services Authority fined HFC Bank £1.085 million for failing to take reasonable care in the sale of Payment Protection Insurance.
2002
Household predatory-lending settlement
Household International settled allegations brought by attorneys general in 46 US states concerning predatory lending, costly loan terms and disclosure practices. The settlement required restitution and changes to lending procedures.