Lloyds Ordered to Refund Half of Scammed Bounce Back Loan Funds, Ombudsman Upholds Complaint
BBL Blaggers
Ealing Director Banned for 8 Years for Falsifying Turnover to Secure £40,000 Lloyds Bank Bounce Back Loan, Entitled to £6,695
An Ealing director faces an eight-year ban after overstating his company’s turnover to obtain a £40,000 Lloyds Bank Bounce Back Loan, when entitled to only £6,695. […]
BBL Complaints Upheld
HSBC Ordered to Replicate Bounce Back Loan for Application Errors, Ombudsman Upholds Complaint
HSBC’s errors prevented a customer from securing a Bounce Back Loan. The Ombudsman upheld the complaint, ordering a replica loan post-scheme closure for the bank’s mistakes. […]
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. […]