Barclays’ Unfair Demand to Alter Business Structure for BBL Application, Plus Rule Changes and Branch Visit Issues, Partially Upheld by Ombudsman
Special Reports
Ombudsman Clarifies Government Exempted Bounce Back Loans from Consumer Lending Rules, So Requiring Barclays to Provide a Detailed Graph of Monthly Interest Payments Would Be Overly Burdensome
The Ombudsman notes Bounce Back Loans’ exemption from consumer lending rules, deeming Barclays’ detailed interest payment graphs too burdensome to provide. […]
BBL Blaggers
7-Year Ban for Unproven £50k Bounce Back Loan Turnover
A director’s failure to provide accounts proving a £50,000 Barclays Bounce Back Loan’s turnover, with bank records hinting at fraud, led to a 7-year ban. Uncover this case. […]
BBL Blaggers
10-Year Ban for Director Inflating Turnover for £50k Barclays Loans
A director who overstated turnover to secure a £40,000 Barclays Bounce Back Loan and a £10,000 top-up now faces a 10-year ban. Read about this compounded financial misconduct […]