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

Premier_2

sen-baz wrote: »

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

I'd say this was more like round 4

Perhaps, you're correct the first two court cases were rounds 1 & 2; the third being round 3 as you also imply.

Unfortunately, whilst the challenger appears to have won rounds 1 & 2 on judges scores, round 3 and therefore the match appears to have been lost on a technical knockout

pingchris

as far as i can see we are all still very much standing,no knockout therefore the match goes on,no whistle no end...............

mystic_trev

I really can't see the Banks offering to pay for the OFT's Legal costs for a second time. So unless there is someone out there with deep pockets (and we're talking several million) this will be a waste of time i.e. the OFT won't proceed again unless they can have their case funded.

pingchris

no matter what happens this issue of banks charging £39.00 for whatever they choose is not going away,its here to stay and we are all fighting it,they charge we fight,its that simple.

natweststaffmember

mystic_trev wrote: »

I really can't see the Banks offering to pay for the OFT's Legal costs for a second time. So unless there is someone out there with deep pockets (and we're talking several million) this will be a waste of time i.e. the OFT won't proceed again unless they can have their case funded.

The banks didn't pay for their legal expenses first time round. Where is your source for that info cos I am intrigued?

OFT paid 950,000 for their defence(City AM article which came from FOI requests last week gave the figure)

BOB_A_H

marcharrison1979 wrote: »

We need a revolution...

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

As I said in a different post yesterday, maybe we need to take the French approach. Blockade ports, burn some sheep and bring public transport to a standstill. It certainly seems to work for them. Bank charges are low ( don't ask me exactly how much ) and cheques cash the same day! Their government has been forced to back down to " People Power " on many an occasion.

marcharrison1979

BOB_A_H wrote: »

As I said in a different post yesterday, maybe we need to take the French approach. Blockade ports, burn some sheep and bring public transport to a standstill. It certainly seems to work for them. Bank charges are low ( don't ask me exactly how much ) and cheques cash the same day! Their government has been forced to back down to " People Power " on many an occasion.

Sadly i think your right, the time for talking and arguing is over, it has taken 3 years to prove and achieve precisely nothing. It's time for strong action, it's the only way things will ever change. Fear is the only thing that will prompt change in this country.

pingchris

BOB_A_H wrote: »

As I said in a different post yesterday, maybe we need to take the French approach. Blockade ports, burn some sheep and bring public transport to a standstill. It certainly seems to work for them. Bank charges are low ( don't ask me exactly how much ) and cheques cash the same day! Their government has been forced to back down to " People Power " on many an occasion.

speaking about the french,i was told tonight that an overdraught in france is charged at 2%

pingchris

what are card misuses ?,im intrigued by this statement,its part of the legal defence by lawyers representing banks in court

natweststaffmember

pingchris wrote: »

what are card misuses ?,im intrigued by this statement,its part of the legal defence by lawyers representing banks in court

Card misuse was a term used by a number of banks for paying for goods on your card which they authorised, and were debited from the account when the account was in excess of any limit previously formally agreed.