
HSBC’s Bounce Back Loan Account Closures Not Discriminatory, Ombudsman Dismisses Complaints

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. […]
The government’s Bounce Back Loan scheme saw abuse, with directors banned for fabricating business turnover data. […]
The Insolvency Service’s crackdown has banned directors for using Bounce Back Loans to fund non-business activities. […]
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