Barclays Seizes Bounce Back Loan for Late Company Formation, Ombudsman Dismisses Complaint
Special Reports
Government Acknowledges Certain Bounce Back Loan Lenders Repeatedly Entered Business Owners’ Details into the BBL Portal, Were Later Caught Attempting to Exploit the BBL Scheme, and Lost Their Guarantees – Resulting in Innocent Business Owners Being Wrongly Flagged as Suspected Fraudsters
The government admits some lenders’ portal misuse led to innocent Bounce Back Loan borrowers being wrongly flagged as fraudsters after guarantee losses. […]
Special Reports
British Business Bank Continues to Overlook Rogue Bounce Back Loan Lenders as Another Is Exposed for Illegally Charging BBL Recipients Fees – Barclays Offers Meagre £75 Compensation to Affected Customer for Their Deceptive Practices
The British Business Bank ignores rogue lenders charging illegal Bounce Back Loan fees, with Barclays offering a paltry £75 to a deceived customer. […]
BBL Complaints Upheld
HSBC Ordered to Pay £150 for Bounce Back Loan Approval Delay, Ombudsman Upholds Complaint
HSBC delayed approving a Bounce Back Loan, later seized after a review. The Ombudsman upheld the complaint, ordering £150 compensation for the initial delay. […]