Small Businesses Launch Fraud Claim Against CYBG
22nd December 2017.
Hundreds of small businesses and traders fired a mis-selling claim against high street lender Clydesdale and Yorkshire Bank on Thursday.
The group, led by claims manager RGL Management, have launched the claim against Clydesdale and its former parent National Australia Bank.
The claim alleges fraud and dishonesty over tailored business loans, which contained a risky interest swap, sold between 2001 and 2012
CYBG said it did not accept the allegations and would defend them “in the strongest terms possible” if necessary.
The action group is funded by Anglo-Australian group Augusta Ventures and is led by Andrew Onslow QC, who led the RBS rights issue legal case.
A CYBG spokesperson said: “The bank has dedicated substantial effort in recent years working through this historic conduct matter, engaging openly and transparently with customers as part of a wide-ranging remediation programme.”
The Credit Protection Association is a credit management company established in 1914. If you supply goods or services on credit then we can help you!
Keep up to date with the latest news by following us on social media:-
Watch the video to find out how CPA can help you!
Read our blog – Debt collection agency
Read our Cash Flow Advice
Read about our overdue account recovery service
Read our blog – What is credit management?
Read our blog -What is a credit management company?
Read our blog -Credit Management that works!
Read our blog – How to select a debt collection agency
click to see read about our successes
Please call us on 0330 053 9263 to discuss how CPA can help your cashflow. Alternatively, either email us or use our contact form.