There are so many complaints about Bounce Back Loans that the Financial Ombudsman Service are working their way through, however some, like the one in today’s case, have been resolved, resulting in Barclays getting a slap. […]
You may recall the story months ago about a Judge who had before him a drugs gang and was fuming when he found out one of the gang had taken out a Bounce Back Loan. […]
The roll call of one-time business owners, and some who didn’t even own a business who took out one or more Bounce Back Loans and left them unpaid at insolvency/bankruptcy is growing, and here are a few more cases that involve some form of wrongdoing that was uncovered with those BBLs. […]
I spent Friday mainly travelling, as a window of opportunity had come my way in which I could, at the very least, spend a minute or two with Paul Scully. So I was up and […]
Santander have been slapped on the wrist yet again by the Ombudsman as you will see in today’s case, which, much like many BBL related cases that go through the Financial Ombudsman Service, has taken quite some time to get sorted out. Santander also seems blissfully unaware some people trade in cash and even have accounts at other banks too. Imagine that! […]
As you will see in the following correspondence made public today, HM Treasury is estimating much higher fraud and error figures in the Bounce Back Loan scheme than the actual BBL lenders, who are eager and doing all they can to keep those figures around the 1% to 2.5% range. […]
Barclays have seen another of their Bounce Back Loans go up in flames, as you will see in today’s case which resulted in another of their Business Customers being slapped with a 6-year disqualification. […]
Here is the response of the CEO of the British Business Bank to questions posed about the Bounce Back Loan Scheme at a recent Treasury Select Committee meeting. […]
Some more BBL madness for you today, in which HSBC pay £150 in compensation for delays in approving a Bounce Back Loan, but then perform one of their infamous “safeguarding reviews” and ultimately demand that BBL back, the Ombudsman says the compensation is fair, but then says, quite bizarrely, HSBC are right to recall the BBL! […]
Missing out of a Bounce Back Loan was something many business owners did experience for various reasons, however in todays case it was down to an incorrectly applied CIFAS marker by Lloyds Bank, after complaining to the Ombudsman £500 was deemed to be fair compensation. […]
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