Barclays – Page 6 – Bounce Back Loan

Barclays Closes Account, Causing Bounce Back Loan Default, Ombudsman Dismisses Late Complaint and Awards £75

Barclays’ closure of a customer’s account triggered a Bounce Back Loan default. […]

Insight Into the Reasons, Timing, and Process of Prosecution for Bounce Back Loan Misconduct, Including Fraud by False Representation and Violations of Section 1006 of the Companies Act 2006

Explore the reasons, timing, and process behind prosecuting Bounce Back Loan misconduct, including fraud and Companies Act violations. […]

Director Sentenced for Fraudulently Securing Two £50,000 Bounce Back Loans

Imran Mushtaq, director of IZ Business Consultants, received a 20-month suspended sentence and 120 hours of unpaid work for fraudulently obtaining two £50,000 Bounce Back Loans. […]

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

The Ombudsman notes Bounce Back Loans’ exemption from consumer lending rules, deeming Barclays’ detailed interest payment graphs too burdensome to provide. […]

Exposed – Key Warning Signs (Including Real-Life Cases) Lenders Scrutinize Before Targeting Bounce Back Loan Defaulting Limited Companies for High Court Winding-Up, and the Consequences That Follow

Uncover the red flags lenders use to target defaulting Bounce Back Loan companies for High Court wind-ups, with real cases and their fallout revealed. […]

British Business Bank Continues to Overlook Rogue Bounce Back Loan Lenders as Another Is Exposed for Illegally Charging BBL Recipients Fees – Barclays Offers Meagre £75 Compensation to Affected Customer for Their Deceptive Practices

The British Business Bank ignores rogue lenders charging illegal Bounce Back Loan fees, with Barclays offering a paltry £75 to a deceived customer. […]

Seven Bounce Back Loan Lenders—Barclays, Lloyds, NatWest, Santander, TSB, Metro Bank, and Starling Bank—Collaborate by Sharing Transaction Data with the National Crime Agency to Track Illicit Profits

Seven major Bounce Back Loan lenders share transaction data with the National Crime Agency, aiming to trace illicit profits from fraudulent loans. […]

Rishi Sunak Alone Faces Covid Commissioner as BBL Scheme Architects Exit Amid Scandals

• With bank bosses and ministers gone, Rishi Sunak is the last standing figure linked to the Bounce Back Loan scheme, facing the Covid Corruption Commissioner’s scrutiny. […]