We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Decision expected today..
Milarky
Posts: 6,356 Forumite
....Court of Appeal; whether OFT has powers of investigation into bank charges under the 'unfair terms in contracts' legislation......
http://news.google.co.uk/news?ned=uk&ncl=1308517673
(Unfortunately either side could appeal. The banks, if they 'lose', can be almost certainly be expected to do so and drag this out and out - a case which is already nearly 2 years old and was meant to provide 'certainty' yet was also accompanied by a rolling FSA 'waiver' to banks to allow them to ignore customer complaints - the real source of pressure on them which would have produced a 'compromise' far, far quicker. Nice one Sir Adair... and I understand you're to take over the Banking Code in November... so no discernible improvement for bank customers there, either!)
http://news.google.co.uk/news?ned=uk&ncl=1308517673
(Unfortunately either side could appeal. The banks, if they 'lose', can be almost certainly be expected to do so and drag this out and out - a case which is already nearly 2 years old and was meant to provide 'certainty' yet was also accompanied by a rolling FSA 'waiver' to banks to allow them to ignore customer complaints - the real source of pressure on them which would have produced a 'compromise' far, far quicker. Nice one Sir Adair... and I understand you're to take over the Banking Code in November... so no discernible improvement for bank customers there, either!)
.....under construction.... COVID is a [discontinued] scam
0
Comments
-
Breaking news say it's subject to regulation by OFT, according to Sky. http://news.sky.com/skynews/Home/Politics/Bank-Charges-For-Unauthorised-Overdrafts-Are-Subject-To-Office-Of-Fair-Trading-Regulations/Article/200902415230206?lpos=Politics_Carousel_Region_1&lid=ARTICLE_15230206_Bank_Charges_For_Unauthorised_Overdrafts_Are_Subject_To_Office_Of_Fair_Trading_Regulations0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245K Work, Benefits & Business
- 600.6K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards