Submitted on Sunday 17th May 2020
Rejected on Tuesday 28th July 2020
Current status: Rejected
Rejection code: no-action (see below for details)
Banks to compensate businesses who have not received BBLS in a prompt manner
The BBLS has turned into a shambles after the chancellor got the banks involved trying to prop businesses up. Many small businesses have gone bust and many are hanging on by a thread as a result of the banks dragging out the payment process for weeks. Rishi sunak stated that this was fast cash.
Businesses in the UK are struggling to cope with the period of time they have been forced to close, now they have the opportunity to try and pick themselves back up they are being deprived of the financial aid the chancellor promised because the banks are not paying out in a respectable time frame. Banks are not communicating, messing up applications, running credit checks asking for more info that what was required by government. Why are they dictating terms to a scheme that isn't theirs?
You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!
The Government e-Petitions Team gave the following reason:
Customers who feel they have been poorly or unfairly treated by their bank can already raise a grievance with the Financial Ombudsman: www.financial-ombudsman.org.uk/.
Complaints can also be lodged with the relevant regulatory bodies the Financial Conduct Authority (FCA) and the British Business Bank (BBB), which regulates the BBLS. The FCA has the power to start disciplinary action, impose fines, or start criminal proceedings if they feel this would be justified.
You can find out more about how to complain to the FCA here: www.fca.org.uk/consumers/how-complain
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