
Ombudsman Rules £300 Adequate Compensation After Barclays Wrongly Applied a CIFAS Fraud Marker, Misplaced All Records, and Caused His Business to Miss a Bounce Back Loan, Resulting in Insolvency

Customers claimed HSBC closed accounts and seized Bounce Back Loans on discriminatory grounds. The Ombudsman dismissed the complaints, citing no evidence of unfair treatment. […]
Virgiliu Laurentiu Cioara, the director of ACV Trans Limited, has been banned from acting as a company director for 11 years after fraudulently securing a £50,000 Bounce Back Loan (BBL) from Barclays.
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An Islington director who overestimated turnover to secure a £47,000 Barclays Bounce Back Loan and used it for personal benefit faces an 11-year ban. Learn about this serious misuse. […]
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