Ombudsman Clarifies Government Exempted Bounce Back Loans from Consumer Lending Rules, So Requiring Barclays to Provide a Detailed Graph of Monthly Interest Payments Would Be Overly Burdensome
Special Reports
Metro Bank Customer Claims Bank Failed to Process Cheques for Bounce Back Loan Payments While Abroad, Leading to Default, Ombudsman Rejects Complaint
A Metro Bank customer’s company was defaulted on its Bounce Back Loan after the bank failed to process repayment cheques sent from abroad. The Ombudsman sides with the bank, dismissing the complaint. […]
Special Reports
BBL Account Access Blocked and Later Unblocked? Ombudsman Issues Compensation Rulings for Such Disruptive Cases
If your BBL account was frozen and then restored, you might be eligible for compensation. We reveal how the Ombudsman is handling these cases. […]
BBL Blaggers
12-Year Ban for Owner Who Snagged Two £50k BBLs for One Company
A business owner’s scheme to secure £50k Bounce Back Loans from both Barclays and NatWest for one company led to a 12-year ban. Where did the money go? Only he knows. […]