
HSBC Refuses Bounce Back Loan Repayment Date Change, Ombudsman Dismisses Complaint Citing Scheme Rules

SBC informed a customer that Bounce Back Loans lack Consumer Credit Act protections. The Ombudsman dismissed the complaint, despite FCA concerns about bank compliance. […]
HSBC denied a feeder account, preventing a Bounce Back Loan application. The Ombudsman dismissed the complaint, affirming the bank’s account approval discretion. […]
Joseph Harrison, former director of South East Commercials Ltd, now residing in Spain, has been ordered by London’s High Court to repay £38,295 obtained through a second Bounce Back Loan (BBL) deemed fraudulent. The court also imposed a 12-year directorship ban, citing his exploitation of a lenient BBL lending process. […]
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