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MSE News: Bank charges: banks win test case appeal
Comments
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What do we do now
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PROLIANT, I suggest you give up. It is obvious that there are many many people on here (alongside the small group of people who have a genuine grievance) who are just trying it on. They have poorly managed their money, taken money they were not entitled to, and are now jumping on the bandwagon to see if they can make a quick buck.
Thank goodness common sense prevailed when the judgement was made yesterday.
Did you hear the judgement yesterday? Assuming you never, going on the above, so i'll reiterate - the banks won round 3 - this has a long was to go and in particular look out for Regs 5 & 8 which will be where we'll be fighting from next round.
Common sense did not prevail - common sense went out the window - period! All this has done is put us in a position pre 2007 and we'll now work on other rules to get what we want - already in motion!
2010 - year of the troll
Niddy - Over & Out :wave:
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PROLIANT, I suggest you give up. It is obvious that there are many many people on here (alongside the small group of people who have a genuine grievance) who are just trying it on. They have poorly managed their money, taken money they were not entitled to, and are now jumping on the bandwagon to see if they can make a quick buck.
Thank goodness common sense prevailed when the judgement was made yesterday.
Can anyone tell me if there is a book out there entitled 'how to be perfect and never make a mistake in your life' ?
If you do, maybe when i've read it I can pass it on to my bank manager
'They have poorly managed their money, taken money they were not entitled to, and are now jumping on the bandwagon to see if they can make a quick buck'.
p.s. anyone taking part in the Lloyds rights issue??0 -
Sorry but you comments are not helpful, I dont want to be 'spoon fed'. What i do want is for people to stop handing out insults, yourself included..
Read post 1 for developments:Important MSE Update - 3.30pm:
Hey folks,
Following developments in this as the day has gone on, we have published the following news stories:
Bank charges: the phoenix from the flames
Full bank charges Q&A: how it affects you
Please discuss them at this new thread: http://forums.moneysavingexpert.com/...3#post27234313
Back to original post...
This is the discussion thread for the following MSE News Story:
In addtions, the FSA has lifted the hold on reclaiming
"The Financial Services Authority (FSA) has ended the waiver which allows current account providers to suspend bank charges claims...."Read the full story:
FSA ends bank charges claims hold
2010 - year of the troll
Niddy - Over & Out :wave:
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What every other responsible adult does....review your financial habits and situation and plan ahead, forecast etc.What do we do nowSince when has the world of computer software design been about what people want? This is a simple question of evolution. The day is quickly coming when every knee will bow down to a silicon fist, and you will all beg your binary gods for mercy.0 -
never-in-doubt wrote: »Did you hear the judgement yesterday? Assuming you never, going on the above, so i'll reiterate - the banks won round 3 - this has a long was to go and in particular look out for Regs 5 & 8 which will be where we'll be fighting from next round.
Common sense did not prevail - common sense went out the window - period! All this has done is put us in a position pre 2007 and we'll now work on other rules to get what we want - already in motion!
Good call.
The fight goes on.Please ignore those people who post on this forum who deliberately try to misinform you. Don't be bullied by them, don't be blamed by them. You know who I mean.
You come here for advice, help and support- thats what I and like minded others will try to do.0 -
Good call. The fight goes on.
Oh yes CAG is already on the ball (thankfully), as is Martin (hopefully)......Consumer_Action_Group wrote:
NEW ROUTE FOR CHARGES CLAIMS
After further consideration of today's judgement, we consider that the door is now open for claims to be made under sections 5 and 8 of the UTCCR 1999.
We believe that the Charges term within your bank contract will not be binding under Regulation 8 as Regulation 5 points to terms being unfair if they are not individually negotiated if the cause a significant imbalance in the rights and obligations of the parties to the detriment of the consumer. Once it is established that the term violates Regulation 5, then Regulation 8 negates that term and so the banks will be liable to return all charges.
Over the next couple of days new templates will be drawn up, but the most important thing is that claims are not allowed to be closed. If your bank notifies you that your claim has been closed please let us know. 2010 - year of the troll
Niddy - Over & Out :wave:
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Thanks never-in-doubt. I have!0
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What a lot of posts.
I would hope that those who disagree with this ruling have taken the step of contacting their MP to ask for a change in the law.
http://www.writetothem.com/"The whole problem with the world is that fools and fanatics are always so certain of themselves, but wiser people so full of doubts."
Bertrand Russell. British author, mathematician, & philosopher (1872 - 1970)0
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