MSE News: OFT 'to drop' bank charges case

MSE_Jenny

This is the discussion thread for the following MSE News Story:

OFT sets date for bank charges announcement

Updated news - also see:

OFT 'to drop' bank charges case

Sol00

Gosh that's quicker than I was expecting. Hopefully they will decide to continue to challenge this.

pingchris

Sol00 wrote: »

Gosh that's quicker than I was expecting. Hopefully they will decide to continue to challenge this.

the cat is out of the bag,hopefully they will continue.

natweststaffmember

It will be interesting to say how or if they are going to proceed.

phoenixx

Really hope that OFT does the right thing and pursues the issue. Is the only moral course of action now. Even though banks have scuttled like snakes behind stones and lowered their fees - like they are doing us a favour!!

cifpower

Breaking News on Sky:

OFT will not pursue legal action against the banks regarding overdraft fees

Premier_2

"Sky sources say"

http://news.sky.com/skynews/Home/Business/Office-Of-Fair-Trading-To-Drop-Case-Against-Banks-Regarding-Overdraft-Fees/Article/200912315505806?lpos=Business_First_Buisness_Article_Teaser_Region_0&lid=ARTICLE_15505806_Office_Of_Fair_Trading_To_Drop_Case_Against_Banks_Regarding_Overdraft_Fees

c0sie

So the last few years of my life, checking this forum, reading the emails, believing the hype...

All wasted?

MrLeeLee

What a load of old crap, totally predictable. Thanks for nothing.

langfor

SKY NEWS...

Overdraft Fees: Case Against Banks Dropped


Banks will face no further legal action from the Office of Fair Trading (OFT) regarding their overdraft fees, Sky sources say.

The OFT lost a test case last month, when the Supreme Court ruled that banks were entitled to charge for unauthorised overdrafts.
However, the judges suggested the case could be brought to court again using a different legal argument.
More follows...

MrLeeLee

At the moment it's not been confirmed but someone has leaked something somewhere along the lines. Lets not forget even after the slip came out about the OFT making a statement on Tuesday, they were still denying it!

Pathetic, just totally pathetic.