MSE News: Bank charges round two: a new legal hope

Alpine_Star

david.l wrote: »

Alpine star so really this article is a waste of time

Well not really. The article has:

1)Updated us on the status of reclaiming.

2)Announced new legal arguments - obtained at Martin's own expense.

3) Confirmed that the Campaign groups are working together.

4) Advised us that, depending on the outcome of the OFT's announcement later this month, templates and instructions will follow.

5) Told us that Martin took the time and trouble to meet with the OFT on our behalf to hear our concerns and encourage them to take their investigation forwards.

So hardly a waste of time IMO.

MSE_Martin

david.l wrote: »

This article doesnt mean anything where are the template letters and instrutions on how to go forward?

The article links to the full guide which is now updated

www.moneysavingexpert.com/bankcharges

nellyboy

Hi all, this is ggod news. as said it is an update to let people know that everyone is moving forward. well done.

just a small point. i went on the penalty charges website and stephen has given an overview of his meeting with the OFT. makes interesting reading.

there is a bit about a LBA on their site as well.

this is the link to the write up:

http://www.penaltychargesforum.co.uk/showthread.php?54693-Meeting-with-OFT-11-12-2009&p=459828#post459828
neil.

marcharrison1979

We need a revolution...

http://news.bbc.co.uk/1/hi/business/8410489.stm

orc_2

Alpine_Star wrote: »

Any template letters and instructions will be dependent on what the OFT will announce.

We all need to wait for the OFT announcement, which should be relatively soon.

None of this is a waste of time, as said by Alpine Star. We can't afford to get this wrong as so much is at stake.

pingchris

we cant get it wrong as we are right,the argument that is next put forward is just that,an argument through law,sometimes its perverse that who has the best argument on the day wins, regardless if they are just and right or not,whichever the case maybe,as stated previously about value from banks,bank charges are a detrement to society and have no value whatsoever for the british public,another reason the country is in such a pittyfull mess,take the peoples cash from the pockets and what are you left with,unhappy !!!!ed off people that become highly cinical and angry,id suggest there are millions of people out there that feel just that.from a population of 65 million ish people a fifth i guess are sick of banks and bankers,and many of them have been wrongfully taken for a ride by an institution that supposed to work alongside and with the population,when the people turn against its banks and government its a slippery slope that leads to a gradual eating away at the very essence that drives the wheels,
the banks know there time is up,they know they have to change,they just need a push.

chipbeck

They are changing Chris it's the getting away with what they used to do that I'm bothered about.

pingchris

the changes ive seen arent worth reading the newspaper for,banks have had there happy times of free cash from the public purse in bank charges,i still love the way they bundle missed direct debit charges in with overdraughts,great smoke screen that one,anyway onwards forever onwards for change:beer:

Premier_2

Martin Lewis, MoneySavingExpert.com creator, says: "Seconds out, round two....

Some might say this all sounds more like someone calling for a rematch against the current, undefeated champion

sen-baz

Premier wrote: »

Some might say this all sounds more like someone calling for a rematch against the current, undefeated champion

Not really 'undefeated' seeing as the banks lost the first two court cases...

I'd say this was more like round 4