The BBL world is teetering on the edge of epic scandals! Get a front-row seat to the brewing storms, shady schemes, and explosive revelations ready to rock the loan scene!
Santander misled a customer about amending a Bounce Back Loan turnover figure, then cited fixed rules. The Ombudsman upheld the complaint, awarding £100 compensation. […]
Santander denied a Bounce Back Loan due to rigorous turnover checks. The Ombudsman dismissed the complaint, finding the bank’s assessment process fair. […]
Three sole traders have been given Bankruptcy Restrictions Orders for various Bounce Back Loan misuses totalling £125,250, including inflating turnover, gambling, and personal use. These BRO’s highlight widespread abuse of the government-backed scheme. […]
Santander seized a Bounce Back Loan after reviewing turnover and usage, finding discrepancies. The Ombudsman dismissed the complaint, upholding the bank’s actions. […]
A director faces a six-year ban for using a £49,000 Santander Bounce Back Loan as a director’s loan for rent and living expenses, leaving it unpaid at liquidation. The disqualification underscores misuse of pandemic relief funds. […]
A director has been banned for four years for using a Santander Bounce Back Loan for personal benefit and leaving it unpaid at liquidation. The disqualification reflects misuse of government-backed financial support. […]
Three Santander Bounce Back Loan complaints were dismissed by the Ombudsman, who upheld the bank’s discretion in loan approvals and reviews. […]
Confused about BBL fraud stats? We dissect the official numbers to uncover who’s telling the truth in this murky scandal. […]
MPs are set to probe Lord Agnew and lenders on recovering £17B in Covid loan losses. I’ll be there, taking notes on this critical showdown. […]
NatWest, HSBC, Lloyds, and Santander denied Bounce Back Loans to SMEs. The Ombudsman dismissed the complaints, citing the banks’ right to refuse applications. […]
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