
10-Year Ban for Catering Director’s £50k Bounce Back Loan Split

HSBC defaulted a Bounce Back Loan after debanking a customer, failing to meet the higher bar for loan recall. The Ombudsman upheld the complaint, ordering reinstatement and compensation. […]
Investigations have revealed troubling connections between business recovery firms, Bounce Back Loan bounty hunters, sanctioned insolvency practitioners, the National Crime Agency, and Insolvency Service officials, raising concerns about enforcement practices. […]
A Loughton director faces a lenient six-year ban after overstating his business turnover to obtain a £50,000 Lloyds Bank Bounce Back Loan, which he failed to repay. […]
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