September 2021 - Page 6 of 7 - Mr Bounce Back - Bounce Back Loan News - Updates

Whopping 9 Year Disqualification for Businesswoman Who Used £20k of a £37.5k Bounce Back Loan for Her Personal Benefit When LTD Business Only Allowed an £8,800 BBL

September 6, 2021

Stories such as today’s may worry some of you out there, however having seen how many BBL lenders misled some people over their turnover figure, and with the British Business Bank admitting many lenders and brokers did mislead people, when applying for a Bounce Back Loan, and my additional […]

The Elephant in the Room – BBL Turnover Figures – I Have Made the Following Additional Submissions to the National Audit Office for Their BBL Investigation As They Need Addressing

September 5, 2021

Having now spoken to more people than I can remember […]

FCA Demanding Bounce Back Loan Lenders Report “Over-Egged” Turnover That Is Identified and Comes to Light AFTER Recovery and Collection Activities Begin

September 4, 2021

Another week of madness has come to an end, and today I want to draw your attention to what the Financial Conduct Authority are telling Bounce Back Loan lenders to do regarding over-egged turnover, when collections start and/or they start taking action against those defaulting on their loans. The rules of the BBL scheme were confusing for most people, and banks complained they had no rule book and mistakes were made on the Government website, and […]

The Barefaced Hypocrisy of the British Business Bank Knows No Bounds, They Warn of Dangers of Naming BBL Recipients Then Do So Themselves

September 3, 2021

With their self-imposed deadline to reveal just how many Recovery Loans have been approved fast approaching, the British Business Bank have started to name those who received one and some of those with BBLs too after warning of the dire consequences of doing so. You couldn’t make it up. If you ask the […]

The Office of the Parliamentary Counsel Confirm Royal Assent Can Be Used to Backdate a Bill/Act But Refuse to Answer Further Questions About an Error They Seemingly Made Regarding BBL Legislation

September 2, 2021

I contacted the team of Government lawyers whose job it is to draft, clear, effective, and readable law, as I had some questions about the way the Bounce Back Loan scheme was launched including the removal of legal rights for those applying for those loans, and the glaringly big “error” they apparently made when drafting that questionable legislation. […]