News Article

Bank Lending

Bully-Banks lobbies MPS to take action against bank misconduct towards SME's

By CreditMan Friday, February 28, 2014

The campaign group Bully-Banks led a successful mass lobbying day in Parliament on Wednesday 26th February. The purpose of the lobby day was to raise awareness for the ongoing problems of small and medium sized businesses damaged by the misconduct of their banks and to encourage MPs to take action on behalf of businesses in their constituency.

A significant number of MPs from across the political parties attended the event, meeting with their constituents to discuss their individual cases and the wider campaign. Over 300 Bully-Banks' members attended the event in order to bring the ongoing issues arising from banking misconduct to their MPs attention.

Jeremy Roe, Chairman of Bully-Banks said: "The parliamentary support for this campaign has been invaluable in securing redress for thousands of businesses across the UK each of which has been the victim of mis-selling at the hands of our high street banks. Much more remains to be achieved but the turn out on Wednesday was extremely encouraging. We look forward to working closely with our MPs in Parliament to resolve the ongoing issues."

Bully-Banks has been working alongside Guto Bebb, MP for Aberconwy and Chair of the All Party Parliamentary Group on Interest Rate Swap Mis-selling to campaign on this issue for close to two years.

Guto Bebb MP said: "I was extremely pleased with the number of MPs who came along to show their support for this event. There is genuine cross party support on this issue in Parliament and it is a great example of democracy in action. I also welcome the comments made by Minister of State for Skills and Enterprise Matthew Hancock MP when addressing the mis-selling victims in Westminster and I will bring the concerns raised during the event to the table when I meet with him."