Lloyds Bank PLC

Financial Ombudsman decision DRN4549596 Not upheld

Not upheldoutcome, as published by the Ombudsman

—no sum stated

—deadline to accept (not the decision date)

The Ombudsman does not print a decision date. The date above is the deadline the consumer was given to accept or reject the decision, which is set about a month after it was issued. It is reliable to the year, not to the month.

What this decision was about

Account closed or refused, Irresponsible lending

In the Ombudsman’s words

Lloyds made the commercial decision that it would withdraw the banking facilities that it provided to CAccount closed or refused

I am not persuaded that there is enough evidence for me to be able to safely conclude that it was irresponsible for Lloyds to have lent to C if the security it held was insufficientIrresponsible lending

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN4549596.pdf on financial-ombudsman.org.uk.

The outcome shown is the Ombudsman’s own published classification, not our reading of the text. Nothing here is legal advice, and a decision concerns only the complaint it was made about.