
NatWest Ordered to Reinstate Bounce Back Loan and Pay £350, Ombudsman Upholds Complaint

HM Government set up a very shady/seedy little scheme whereby anyone declined a business loan would be asked, by the bank that declined them, would they like their details passed over to one of three “Government approved portals” who may help them get a business loan. […]
Santander demanded £42k of a £50k Bounce Back Loan, charged a £470 fee, and escorted a customer out. The Ombudsman upheld the complaint, ordering a refund and compensation. […]
Year 5 of the Bounce Back Loan scheme reveals why most defaulted debts won’t be enforced, freeing borrowers to focus on recovery—learn the legal reasons. […]
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