MSE News Story: Bank Charges House of Lords hearing starts today

Former_MSE_Wendy

This thread is to discuss the following news story:

Bank Charges House of Lords hearing starts today

jos004

Just hope we get a good result, in favour of the claimant.

MrLeeLee

'but it's likely the decision from the judges won't be made for several months, possibly not until October'

-sighs-

natweststaffmember

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.

jayk84

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...

natweststaffmember

jayk84 wrote: »

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...

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.

oscar52

MrLeeLee wrote: »

'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.

claretmatt

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

bazzason

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...

Oeillade

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!

oscar52

claretmatt wrote:

Nice to see that responsible people will be punished for the actions of the irresponsible

Oeillade wrote: »

Not 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.