
Public Accounts Committee Slams Lax Bounce Back Loan Fraud Action, Accuses Banks of Guarantee Abuse

HSBC marked a customer in arrears despite a £10k early Bounce Back Loan payment, due to no direct debit setup. The Ombudsman dismissed the complaint, citing payment issues. […]
Daniel Willis, director of Hickory Construction and Services Limited, has been disqualified for 10 years after fraudulently obtaining two Bounce Back Loans—one from NatWest and one from Lloyds—for his company, despite rules permitting only one loan. […]
Join my fireside chat with Jeremy Vine as we dive into Bounce Back Loan arrears, defaults, and the challenges borrowers face today. […]
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