
HSBC Holds Customer Liable for Bounce Back Loan via Mobile Log-Ins, Ombudsman Dismisses Complaint

HSBC delayed approving a Bounce Back Loan, later seized after a review. The Ombudsman upheld the complaint, ordering £150 compensation for the initial delay. […]
Directors who applied for Bounce Back Loans for ineligible firms face disqualification for defrauding the government’s support scheme. […]
Two co-directors face bans of 2.5 and 5 years for their roles in misusing a £50,000 Bounce Back Loan, with one neglecting duties and the other diverting funds away from the business. Uncover the details of this HSBC loan gone wrong. […]
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