Sunday 7th July 2019
SME warning it will not support banking Dispute Resolution Scheme that excludes majority of its members
SME Alliance would like to comment on the reporting on the terms of the Dispute Resolution Scheme (DRS), which aims to create a mechanism for businesses mistreated by banks in the scheme to obtain redress without recourse to legal action.
SME Alliance would like to make it clear:
Nikki Turner, director of SME Alliance, says: “Clearly we will not be able to support a scheme that excludes the majority of our members and we are determined to continue to make sure any final scheme is beneficial and available to as many SMEs as possible. We feel positive progress is being made with all stakeholders but there is still a long way to go.”