MSE News: Bank charges result at 9.45am Wednesday

jamespir

wooliewoo wrote: »

So is my claim still valid then as my claim letter from 2007 states the charges incurred do not represent true costs to bank:o

i belive so ive just read the supreme courts press release and it seems to give that info


it also states that it ahs not decided whether or not the current chargres are fair or not that decision is down to the oft

it simply states that "charges" are fair to penalize those who go over drawn etc

dmcallister1506

So how much of our hard earned cash has the bank paid to the law lords? Quite a lot. Seems this should be investigated.

catch22

The_Hallowed_Way wrote: »

I had sign up again as my original login got boshed. I've posted here many thousands of times. It was, however, a pleasure to re-register in order to express my pleasure at this decision. I'm sorry if a contradictory point of view grates with you but that's just too bad.

I for one don't mind being charged for being overdrawn, it's the amount and how quickly they charge you more for not paying it that day.

Crabman

phillh79 wrote: »

I'm gutted, I was expecting a payout of about £2,600. Is this definately over or is there still a chance of getting my money back?

Does anyone else think that the banks have paid off the supreme court? If I was the one deciding if bank charges were fair or not and someone offered me 10 million to go in the banks favour I'm pretty sure I would take the money.

I smell corruption......

I'm sure someone will be along to say that's a dangerous comment but I'm sure many others have had that thought cross their mind if only briefly.

How when the High Court & the Court of Appeal were so clear could the Supreme Court go the other way with a similar level of clarity?

What the Supreme Court are effectively saying is that the High Court and Court of Appeal were wrong... how's that going to go down?

I hope for the sake of the many reclaimers (including those who are yet to reclaim) and those in real need out there that the various consumer groups and MSE find a way around this and treat it as just another stepping stone in the process of helping the vulnerable in our society.

jamespir

The_Hallowed_Way wrote: »

I had sign up again as my original login got boshed. I've posted here many thousands of times. It was, however, a pleasure to re-register in order to express my pleasure at this decision. I'm sorry if a contradictory point of view grates with you but that's just too bad.

well ive reported you for abuse so it will be a pleasure for me to shut the door behind you on the way out :rolleyes:

stargazer59

i may be being thick here but surely the ruling was that the OFT cant do it, but we can still do it? What we need is a massive class action.

jamespir

stargazer59 wrote: »

i may be being thick here but surely the ruling was that the OFT cant do it, but we can still do it? What we need is a massive class action.

the ruling said that the oft cant investigate the banks and force them to change there charging policies


but it said it will alow the oft to decide whether the charges are fair or not through a different avenue

Insomniac666

catch22 wrote: »

I for one don't mind being charged for being overdrawn, it's the amount and how quickly they charge you more for not paying it that day.

I couldn't agree more... at the time when I needed most help, when I was losing my house (which I eventually did) Halifax were no help to me, I was lucky enough to get some charges abck but over last 2 years.. well....

I know I've been charged over £300 in last 4 months alone.

I will persue my claim of amounts charged not proportionate..

good luck to those in same position..

wooliewoo

jamespir wrote: »

i belive so ive just read the supreme courts press release and it seems to give that info


it also states that it ahs not decided whether or not the current chargres are fair or not that decision is down to the oft

it simply states that "charges" are fair to penalize those who go over drawn etc

Thank you............oh well will just wait and see what the next step is........:rolleyes:

nitr02007

catch22 wrote: »

I for one don't mind being charged for being overdrawn, it's the amount and how quickly they charge you more for not paying it that day.

Exactly. If someone has a cashflow problem and gets immediately slapped with a charge and then an additional charge everyday until its paid off - its not exactly helping them sort out their cashflow problem is it?

Its a tax on the poor - the poor get poorer and the rich get richer (i.e. free banking).