Barclays’ Multiple Bounce Back Loan Complaints Dismissed by Ombudsman
Covid Corruption Commissioner
Bank Chiefs Scramble as Covid Commissioner Looms, Push to Liquidate BBL Fraud Firms
• Fearing Labour’s Covid Corruption Commissioner, bank leaders like Barclays and Lloyds are now pursuing High Court liquidations of companies that defrauded BBLs. […]
BBL Complaints Dismissed
Lloyds Bank Forces Customer to Use Servicing Account for Bounce Back Loan Repayments, Denying Simpler Option, Ombudsman Upholds Bank and Dismisses Complaint
Lloyds Bank required a customer to use a servicing account for Bounce Back Loan repayments, rejecting a simpler payment method from a new account. […]
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. […]