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This petition was submitted during the 2019 to 2024 Parliament

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Closed Ask the FCA to investigate banks for their handling of BBL applications

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Parliament needs to ask the Financial Conduct Authority to investigate how banks have handled the application process for BBLs and why ‘feeder’ accounts that are open for a matter of hours to obtain funds are being credit checked when BBL’s themselves are not required to be credit checked

Businesses are being declined Bounce Back Loans due to credit checked being performed to open a feeder account and also the amount of time it takes them to process an application

Some state it takes 6 days but there are concerns that some people are having to wait months.

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    If this petition gets 10,000 signatures, government will respond to it.

    If this petition gets 100,000 signatures, it will be considered for debate in Parliament.

    This petition will stay open until 30 January 2021.