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Small Businesses Raise Voice Against Clydesdale Bank for Misrepresentation over Fixed-Rate Loans

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LONDON – A group of small businesses has been suing Clydesdale bank as well as its former owner National Australia Bank for alleged misrepresentation over small business loans. The lawsuit filed by small businesses highlighted that banks raised the interest rate on fixed-rate loans by hidden margins. While representing the group, RGL Management allegedly stated that banks have been facing deceit, misrepresentation, and breach of contract by banks.

A total of 140 small businesses comprising 2,000 small companies issued the first claim against the banks. However, the legal claim doesn’t carry any value. On behalf of small businesses, RGL Management has brought complex lawsuits against banks. Augusta Ventures, a litigation funder has been supporting the lawsuit against Clydesdale bank. Many litigation funders have been fighting for bank disputes on the condition of some part of compensation if they manage to win at trial.

Bad credit small business loans have been on the rise as there are plenty of options available to get loans for small businesses. Also, the affordable interest rates make it possible to get a loan on easy terms. Apart from banks, many online sources are offering small business loans even to the entities with bad credit.

Garbhan Shanks of Michelmores LLP, the law firm which represents RGL, has said that it is hopeful to get a substantial amount of compensation for their first multi-party claim against banks. However, CYBG, the owner of Clydesdale and Yorkshire bank said that it will respond to any claim against its banks on a strong term after analyzing it thoroughly.

Jenny is one of the oldest contributors of Bigtime Daily with a unique perspective of the world events. She aims to empower the readers with delivery of apt factual analysis of various news pieces from around the World.

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World

Your 101 Guide to Support Incarcerated Women

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Since the show ‘Orange is the New Black’ was released to the public, many people have been given an insight into what happens in prison life. And even though the characters might be fictitious, the happenings that go on within prisons are a complete replica of what actually happens in real-life prisons. 

Scarcity of hygiene products, pregnancy issues, poorly funded libraries, and lack of support from families and others regarding their cases is a nightmare that female inmates have to deal with every day. And women of color, LGBTQ+ inmates, and other inmates with disabilities tend to face the worse of these problems. 

So if you are disturbed by any of these occurrences that happen, you should know that there are a few ways you can help these women and reduce the number of issues they have to deal with. 

Physical Healthcare Approach 

For example, there are a few organizations you could approach. The American Civil Liberties Union is actively working to secure the rights to abortion, medical care, and healthy labor for pregnant inmates. The Minnesota Doula Project is a national prison training event that offers insight into smooth and healthy birth experiences. 

Legal Approach 

Suppose you want to provide female inmates with legal assistance. In that case, Northwestern University’s legal department tends to operate a program that deals with wrongfully convicted women in prison, and their Women’s Project highlights the ways women are often at a disadvantage when they are investigated or questioned in court. 

Donating Approach 

There are actually a number of organizations that work in order to gather many reading resources for women in prison. For example, Chicago Books to Women in Prison is an organization that takes book requests from women it services. Their website offers information on how you can donate books, including an Amazon wishlist that outlines current requests from the inmates and even helps in hosting your own volunteering and book drive. 

There are also additional contributions being made by business leaders such as Jamila Davis – a highly acclaimed African American entrepreneur, educator, motivational speaker, author, and prison reform activist. She is also the CEO of Black Women’s Lives Matter and the VIP Online Academy. 

While being in prison, she developed a self-help curriculum designed to enable incarcerated women to heal, recognize their potential and gain the ability to achieve their life goals. Seeing how successful her venture became, many other prison systems eventually adopted the curriculum throughout the United States. 

After leaving prison, she worked with her mother to establish Voices International Publications – a publishing company that produces books to inspire incarcerated women to make the most out of what they have. 

Moreover, she also co-founded Women Over Incarcerated, which is an advocacy group that fights sentence reforms for non-violent female federal offenders. Today, she is creating programs that are helping at-risk students to avoid prison, and using the formula she created through her research, she is now serving as a professor at the Seton Hall University and a researcher at Yale University. And she is also the CEO of Black Women’s Lives Matter, a non-profit organization that is set up to celebrate, highlight and give resources to black women.  

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