Statements

The APPG Accepts its Place on the Implementation Steering Group

The APPG has accepted its place on UK Finance’s Dispute Resolution Service (DRS) Implementation Steering Group (ISG), joining other key stakeholders to design and implement a historic compensation scheme and a new dispute resolution mechanism for disputes between businesses and financial institutions. Participation in the scheme presents a vital opportunity to establish a scheme that provides compensation for historic cases and levels the playing field between businesses and their finance providers for future generations. Since the APPG was established in 2012, it has worked to achieve compensation and justice for the victims of numerous episodes of business banking misconduct and
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Banks told to look after customers even after they sell on debt

Responding to an Urgent Question in Parliament yesterday, Treasury Minister John Glen MP told the banks they need to make sure that customers are treated fairly and resolve disputes even when they have sold on their debt to ‘vulture funds’. The question had been raised by Lanark MP, Angela Crawley, who had tabled the question in relation to her constituent, Mr John Guidi, who is on hunger strike following his mistreatment by Clydesdale Bank. Mr Glen stated the Clydesdale were required to ensure that “third parties that buy loans have demonstrated that customers will be treated fairly, and to allowing
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Bank Signature Forgery Campaign

The APPG is building support for a new campaign to gather evidence of potential signature forgery by banks against their customers. A common thread amongst many of the cases that the APPG receives is suspicions around the signatures on legal documents from bank staff, but also the potential forgery of customer’s signatures. Anthony Stansfeld, the Police and Crime Commissioner for Thames Valley Police who was influential in securing the successful criminal prosecutions of the perpetrators of HBOS Reading fraud, has also announced his support for the campaign. Kevin Hollinrake MP, Co-Chair of the APPG said: “It may seem that issues
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Overwhelming Support for Tribunal from IOD Members

In a recent survey by the Institute of Directors, 7 out of 10 members have expressed their strong and explicit support for our proposals for a Financial Services Tribunal to provide a mechanism for business owners to access justice when in a dispute with their financial service providers. These business leaders have also made it clear that they do not have confidence in the current UK Finance proposals, with less than 30% believing that the banking industry’s plans for an ombudsman will provide businesses with adequate access to redress in the event of a dispute with a lender. Kevin Hollinrake
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Government Consultation on the use of NDAs in Settlement Agreements

The APPG welcomes the announcement made today by the Minister for Small Businesses, Kelly Tolhurst MP, that the government will set out legal proposals to clarify the use of Non-Disclosure Agreements (NDAs) in the context of misconduct in the workplace. Beyond the workplace, however, NDAs are also regularly used by financial institutions to prevent one aggrieved party assisting another aggrieved party, or to supress potentially criminal conduct. The use of an NDA has moved from a legitimate agreement between two parties to a tool of abuse used by a stronger part to intimidate the weaker party, and the APPG will
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Support our work

As the APPG gains yet more traction, it is imperative that we are able to raise sponsorship to build on our already substantial progress. To that end, we are inviting donations to support our work. Please find below a link for donations, which can be ‘one off’ or on a monthly basis. We recommend a minimum donation of £250 per annum.

Any donations will be recorded publicly in our register of interests.