Petition · past parliament

Investigate all individual claims of bad bank behaviour & compensate the victims

Rejected 20 signatures

What the petition asks

The FCA doesn't investigate individual claims against banks, the Financial Ombudsman is incredibly restricted, legal aid was basically withdrawn and court costs on large claims were jolted up to £50,000 making it impossible for victims of the banks from getting justice or compensation.
There are many groups such as SME Alliance who's members have had their lives destroyed by failing banks trying to repair their balance sheets by either engineering defaults & subsequently asset stripping family businesses or charging exorbitant fees and charges. Beyond this, banks then used scorched earth litigation tactics to cause extensive delays and to run up impossible costs. These actions are beyond any doubt inequitable, unlawful and life changing to the victims.

Why it was rejected

It was not clear what the petition asked the UK Government or Parliament to do.

Timeline

16 Feb 2017 Petition opened for signatures
26 Apr 2017 Rejected by the Petitions Committee

Key facts

Signatures 20
Status Rejected
Rejected 26 Apr 2017

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Source: the official petition page. Last checked 15 Jul 2026.