Recovery Action – Bounce Back Loan

Lenders Bolster Reputation Protection and Support for Vulnerable Customers as New Covid Corruption Commissioner Greenlights Bounce Back Loan Recovery Targeting Over 200,000 Defaulters

As the newly appointed Covid Corruption Commissioner endorses rigorous Bounce Back Loan recovery measures, lenders are ramping up efforts to safeguard their reputations while prioritizing support for vulnerable customers. With over 200,000 defaulters in the crosshairs, targeted recovery initiatives are set to roll out in the coming weeks, balancing accountability with compassion. […]

The Government Has Identified BBL Fraudsters and Has Agreed What Action to Take

The government has conclusively identified BBL fraudsters through detailed analysis of tax returns, self-assessments, and loan applications. […]

Government Tracks Coronavirus Job Retention Scheme Fraud Using HMRC Data

Much like its scrutiny of Bounce Back Loan (BBL) applications, the UK government has been quietly analyzing HMRC data to identify fraudulent claims made under the Coronavirus Job Retention Scheme (CJRS). Sources reveal that sophisticated cross-referencing techniques, similar to those used to detect BBL misuse, have exposed thousands of false or inflated furlough claims. […]