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MSE News Story: Bank Charges House of Lords hearing starts today
Former_MSE_Wendy
Posts: 929 Forumite
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Just hope we get a good result, in favour of the claimant.0
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'but it's likely the decision from the judges won't be made for several months, possibly not until October'
-sighs-0 -
I wish Martin would realise that this is the first stage of a two part Test case.
Martin, if the HoL agree that the terms are assessable for hardship then the OFT will ask for voluntary compliance, which judging so far is unlikely so we will have further litigation and the saga goes on BUT we will be over 50% there. If the Banks' lose I would be very surprised if it was referred to the ECJ since the European Courts are more consumer friendly than here in the UK.0 -
If this is the 1st part then when is the 2nd? I was under the assumption that this was a final appeal hearing at the HoL and come October when summer has passed we should have a final result...
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the preliminary issues are about whether the bank terms can be assessed under UTCCR 1999, the next stage is the substantial issues. The OFT website has all the details on there.If this is the 1st part then when is the 2nd? I was under the assumption that this was a final appeal hearing at the HoL and come October when summer has passed we should have a final result...0 -
'but it's likely the decision from the judges won't be made for several months, possibly not until October'
-sighs-
Possible - Personally, I dont think it will be that long. They have "other charges" claimed by "fewer other people" to discuss at the moment.No Longer works for MBNA as of August 2010 - redundancy money will be nice though.
Proud to be a Friend of Niddy.
no idea what my nerdnumber is - i am now officially nerd 229, no idea on my debt free date0 -
Nice to see that responsible people will be punished for the actions of the irresponsible
http://www.citywire.co.uk/adviser/-/news/other/content.aspx?ID=346330&Page=2I am a Chartered Financial Planner
Anything posted on this forum is for discussion purposes only. It should not be considered financial advice as different people have different needs.0 -
this was always going to be the banks answer, as reports this morning have already said they were "supporting the costs of current accounts" using the bank charges revenue they collected.
is that really where the revenue went? it seems unlikely, and simply sounds like the banks PR dept diverting focus away from their disputable practices...0 -
claretmatt wrote: »Nice to see that responsible people will be punished for the actions of the irresponsible
http://www.citywire.co.uk/adviser/-/news/other/content.aspx?ID=346330&Page=2
Not just irresponsible, unlucky as well and for many, many other reasons beyond peoples control not because they wanted to!0 -
claretmatt wrote:Nice to see that responsible people will be punished for the actions of the irresponsibleNot just irresponsible, unlucky as well and for many, many other reasons beyond peoples control not because they wanted to!
Unless they are talking about the banks of course.No Longer works for MBNA as of August 2010 - redundancy money will be nice though.
Proud to be a Friend of Niddy.
no idea what my nerdnumber is - i am now officially nerd 229, no idea on my debt free date0
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