Certain Bounce Back Loan Lenders Accelerate Defaults to Spare Borrowers Prolonged Stress
Special Reports
Metro Bank Hit with £16m FCA Fine for Financial Crime Failures, Echoing Starling Bank’s Woes
Following Starling Bank’s misconduct scandal and CEO exit, Metro Bank faces a £16m FCA penalty for financial crime lapses, underscoring ongoing regulatory challenges in the banking sector. […]
Special Reports
Chancellor Reeves’ New Asset Confiscation Team Targets Fraudsters to Recover Taxpayer Funds
Rachel Reeves’ Budget introduces a well-funded “Asset Confiscation Enforcement Team” to support the Serious Fraud Office in seizing assets and recovering funds lost to Bounce Back Loan fraud. […]
Special Reports
HSBC’s Bounce Back Loan Default and CIFAS Marker Overturned by Ombudsman, Compensation Awarded
HSBC’s harsh default, account closure, and CIFAS marker are reversed by the Ombudsman, who rules the customer’s turnover estimate was valid, awarding compensation. […]