Special Reports – Page 31 – Bounce Back Loan

Barclays Pays £500 for Unfair BBL Denial, Later Approves Loan Nearly a Year After Bounce Back Loan Scheme Ended

Barclays paid £500 for wrongly denying a BBL, then approved it post-scheme closure. We unpack this surprising turnaround. […]

NatWest Employed a Secret Turnover Formula to Approve Feeder Accounts for Bounce Back Loan Access

NatWest used a hidden formula to greenlight BBL feeder accounts. We blow the lid off this covert eligibility tactic. […]

FCA Confirms Compensation Due for Borrowers Unfairly Treated by Bounce Back Loan Lenders, Per Their Investigation

After pressure, the FCA agrees: BBL lenders must compensate those treated unfairly. We detail who qualifies and how. […]

Banks Demand Bounce Back Loan Recipients Verify Turnover, May Share Application Data with HMRC for Validation

Banks are asking BBL borrowers to prove turnover and may report to HMRC. We explain this new wave of scrutiny. […]

British Business Bank Revokes All CLBILS Government Guarantees from Greensill, Leaving Loans Exposed

The British Business Bank stripped Greensill of all CLBILS guarantees. We explore the ripple effects on lenders and borrowers. […]

Starling Bank Ordered to Compensate for Wrongful Account Closure, But Ombudsman Permits BBL Repayment Demand

Starling paid for wrongly closing an account, but the Ombudsman upheld their BBL repayment demand. We dissect this mixed ruling. […]

Guide to Navigating Bounce Back Loan Account Reviews and Safeguarding—Expect Repayment Demands

My guide to BBL account reviews and safeguarding warns of likely repayment demands. Stay prepared with our insights. […]

FCA’s Stern Letter to Lenders Ordering Halt to Bounce Back Loan Scams and SME Abuse

The FCA sent a blistering letter to lenders, demanding they stop BBL scams and SME mistreatment. We share the full text. […]

BEIS, Formerly Under Kwasi Kwarteng, Ignores FCA’s BBL Lender Abuse Report, While FCA Is Keen to Address Scams

BEIS shrugs off FCA findings of BBL lender abuse, but the FCA is ready to act. We contrast their starkly different responses. […]

The Financial Conduct Authority Drops a MOAB On The Bounce Back Loan Scheme Revealing All Manner of Shady/Dodgy Goings-on With Lenders Behind the Scenes

What a surprise, having taken 100’s of calls already on my Fireside Chatline, and spoken to no end of people being treated appallingly by Bounce Back Loan Lenders and/or their third-party agents, the latter who seem equally as gormless/clueless in many instances as the bank staff, the FCA have just dropped a Mother of All Bombs on the already imploded BBL Scheme. […]