HSBC Notifies of Bounce Back Loan Exemptions, Ombudsman Dismisses Complaint Despite FCA Concerns
BBL Blaggers
10-Year Ban for Director’s Gross Turnover Overestimate
A director who wildly overestimated her company’s turnover to secure an HSBC Bounce Back Loan faces a 10-year ban. Uncover how this permitted estimation turned into a costly fraudulent miscalculation. […]
BBL Complaints Upheld
Barclays Ordered to Pay £200 for Bounce Back Loan Processing Delay, Ombudsman Upholds Complaint
Barclays’ eight-week delay in processing a Bounce Back Loan caused distress. The Ombudsman upheld the complaint, awarding £200 compensation, less than the £1,000 sought. […]
BBL Blaggers
11-Year Ban for Director Who Fraudulently Secured Three £50k BBLs for One Company
A director’s audacious scam to obtain three £50k Bounce Back Loans from Lloyds, HSBC, and NatWest for a single company led to an 11-year ban. See if the liquidator will chase recovery. […]