FCA’s Stern Letter to Lenders Ordering Halt to Bounce Back Loan Scams and SME Abuse
Forced Liquidation
NatWest Joins Barclays, Lloyds, and Starling in High Court Push to Wind Up Companies with Government-Backed Loans – Is Your Business on the List?
NatWest has filed a series of High Court winding-up petitions targeting companies suspected of misusing government-backed loans, following similar moves by Barclays, Lloyds, and Starling Bank. With a surge in recent filings, businesses are urged to check if they’re named in these legal actions, as the clampdown on loan misconduct intensifies. […]
Special Reports
Barclays Cancels BBL After Review, Seizes Account Funds for Repayment, and Ombudsman Upholds Their Actions
Barclays terminated a BBL, grabbed account funds to repay it, and the Ombudsman says it’s allowed. We break down this tough ruling. […]
Special Reports
BEIS’s Sarah Admits Misleading PAC, Confirms Lenders Can Swiftly Claim BBL Guarantees for Non-Repaying Borrowers
BEIS’s Sarah confesses to misleading the PAC, revealing lenders can quickly write off BBLs via guarantees. We unpack her bombshell. […]