
HSBC Ordered to Pay Compensation for Misleading Bounce Back Loan Eligibility, Ombudsman Upholds Complaint

HSBC faced another ruling to reinstate a defaulted Bounce Back Loan, compensate a customer with interest for seized funds, and remove negative credit markers from a limited company, highlighting persistent government oversight issues with BBL lenders. […]
A Lloyds customer lost Bounce Back Loan funds to a cryptocurrency scam. The Ombudsman upheld the complaint, ordering a refund of half the lost funds with interest. […]
A London director’s turnover lies—£100k for a £25k NatWest BBL and £1.2m for a £50k HSBC BBL—led to a 12-year ban. Uncover how he exploited a company name change. […]
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