
Lloyds Ordered to Refund Half of Scammed Bounce Back Loan Funds, Ombudsman Upholds Complaint

A Peterborough director faces an 11-year ban, starting March 6, 2024, after overstating his business turnover to obtain a £50,000 Lloyds Bank Bounce Back Loan and not using all funds for business purposes. […]
Barclays’ error prevented a sole trader from accessing the Bounce Back Loan scheme. The Ombudsman upheld the complaint, increasing compensation from £100 to £300 after appeal. […]
HSBC defaulted a Bounce Back Loan, falsely accusing the recipient of fraud. The Ombudsman upheld the complaint, ordering compensation and condemning HSBC’s defamatory actions. […]
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