Todays News

Please sit back and have a good look through this section of the website as it lists, in order, starting with the most recent then working backwards, each and every news story and article related to Bounce Back Loans that has been loaded up onto the website

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Going Bankrupt with a Bounce Back Loan Still Owing That It Turns Out He Was Not Even Eligible For Results in an 8 Year Bankruptcy Restrictions Order

May 11, 2022

Many people who bagged a Bounce Back Loan that they were not eligible for and quickly took the insolvency route or bankruptcy route thinking they were pulling a fast one, are realising that was not such a smart move after all. Today’s case saw one such person get an […]

Starling Bank Refuse to Allow a Customer to Amend an Erroneous Turnover Figure to A Higher Amount to Access a High Value BBL, Ombudsman Says The Scheme Rules Did Not Allow It

May 11, 2022

Looking at the way banks and the powers that be are screaming “fraud” when someone over-egged their turnover figure to get a Bounce Back Loan, why they are not doing so when someone under-stated it or even let them correct that figure is anyone’s guess, which is what today’s case revolves around. […]

Santander’s Policy of Checking Turnover Figures Results In a Customer Complaining That Their Bounce Back Loan Application Was Not Fairly Assessed – Read What the Ombudsman Thinks

May 10, 2022

Applying for a high valued Bounce Back Loan and being told by a bank you cannot have that loan but a much smaller one instead, is what this complaint revolves around, ultimately, as you will see, the Ombudsman sides with bank, that being Santander. […]

Coronavirus Grant funding: Local Authority Payments to Small and Medium Businesses, England

May 9, 2022

Information has been collected about the number and value of […]

Financial Ombudsman Determines That Clydesdale Bank Were Within Their Rights To Deem a Business Applying for a Bounce Back Loan Was Not Trading Despite The Business Owner Saying They Had and Were Awaiting Payment for Work Done

May 9, 2022

Some of the complaints about Bounce Back Loans that still to this day land on Ben Jennings the Ombudsman’s desk are somewhat complicated, however this one no doubt took him some time to get his head around and make a determination on. […]