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Standards of Lending Practice for business customers extended to protect businesses with £25m turnover
The Standards turnover threshold has been uplifted to £25m, with new Standards focussing on the treatment of businesses in support units, and debt sale.
LSB becomes governance and oversight body for the Contingent Reimbursement Model Code for Authorised Push Payment Scams.
As of 1 July, the LSB has taken over responsibility for the governance and oversight of the code, which increases consumer protection standards and will help reduce the number of APP scams.
LSB Business Lending Reception
Join us for an evening drinks reception on 10th July 2019 from 17:00 – 19:30
LSB statement on TSB’s business Lending Pledge
The LSB welcomes the publication of TSB’s business Lending Pledge and are supportive of the continued industry focus upon the fair treatment of businesses in financial difficulty.
LSB conducts an independent evaluation of the implementation of the Standard Financial Statement (SFS)
We are delighted to be working with the SFGB on the evaluation of the implementation process and effectiveness of the Standard Financial Statement (SFS).
LSB statement on Government Responses to the Treasury Committee’s Twenty-Fourth Report: SME Finance
The LSB welcomes the government’s response to the Treasury Committee’s report on the SME Finance inquiry which recognises the Standards of Lending Practice for business customers
LSB response to the Review into the complaints and alternative dispute resolution (ADR) landscape for the UK’s SME market
The LSB is supportive of the banks proposals to offer access to alternative dispute resolution to more SMEs.