Bank Transfer Scam Refunds, Lendy in Administration and Business Confidence – BFB 260

Many individuals and small businesses have fallen victim to Authorised Push Payment scams. APPs are they are commonly referred to is where people are tricked into sending money to scammer’s bank account. To open this week’s Bulletin, we look at a new voluntary code 8 banks have signed up to which promises to refund lost money to victims.

Worrying times for the crowdfunding sector with news that property purchase and development crowdfunder Lendy has fallen into Administration. We look at the numbers behind the collapse.

To close, a review of a surprising survey from Lloyds Bank as part of their regular Business Barometer series, which reveals that business confidence has increased for the first time in many months. Is this merely a temporary blip?

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Spotify, Stitcher or itunes channel.

2 Responses

  1. Ram Morjaria says:

    Great news Rob re business scams being covered by banks. And the good outlook by Lloyds .
    No mention of the ‘B’ word either for a change!
    Cheers
    Ram

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