LYCOS RETRIEVER 
Credit Card Fraud: Hsbc Watch
built 632 days ago
Why did Liz Claiborne sign a credit card deal with former predatory lender Household International? Are they following the expansion example of non-performing Saks, another Household International (now HSBC) merchant? Here’s the answer:
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Spotlight On TJMaxx - CBS 60 Minutes - 11/25/07 - "On November 25th, 2007, CBS '60 Minutes' televised a story on credit card security focusing on the TJX breach. so you should probably watch it if you haven't already."
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Saks and Bon-Ton both decided to use HSBC (Household International) to finance their in-store credit cards. HSBC Watch speculated almost two years ago that Saks was a troubled merchant. “Often when a merchant aligns themselves with a predatory lender they need every dime of profit, no matter how they get it. Saks […]
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