BBC website - lawyer trying to force banks to reveal costs

Nathan_Spleen

well to be fair I did'nt suggest you spent money unwisely or that anyone
is moronic. If you felt I did then I apologise unreservedly.Sillychuckie's statement though was factualy incorrect and misleading to potential claiments.

My main point though was that if ever the banks are to be stopped abusing
their exclusive position which is meant to be founded on trust and honesty
It's gonna take someone who's prepared to put their b******s on the line.

For me it would'nt be such a big deal but for Tom Brennan it would. And I think he deserves more respect than he's getting from some people here.

I'mcomingbackasaman

ejones999 wrote: »

I disagree with you Sillychukie. I work for a bank and it is high time this was tested in open court - I don't care which way the judgement goes as long as it sets a precedent and we all know where we stand.

Good luck to him I say - let him have his day in court, the outcome will be lot better than behind closed doors as now with the FSA.

I agree. Ejones works in a bank, and must have some idea of the volume of customers claiming bank charges and also the charges being made and I don't envy her working in a bank with all the unhappy customers there are.

If this case does go to Court, then a precedent will be set and banks may have to re-think their bank charges for future transactions saving us all some cash in future which would benefit the majority of the population.

Ladidi

Nathan_Spleen wrote: »

Hopefully it won't ruin his life, but why bother risking it. The FSA will decide in its own time what is or is not lawful.


Just how bright are you? The FSA or the OFT have no authority whatsover to decide what is lawful. Only a judge can do that which is why this is so important. And of course it will set a precident. If natwest have to disclose their charge costs they can no longer file defences against any claims and will have to hand out refunds like confetti.

And if he loses he dos'nt risk it for anyone as he's claiming 'exemplary damages' which no one
claims anyway.

I am financialy involved in an action against another bank seeking a 'declaration' of their charge costs. There is no financial gain in it if we win but the same applies. I have given a personal guarentee of nearly £100k to meet costs if we lose which enables the case to be brought in the first place. The bigger picture is the issue here and as I can fortunatly afford it, the potential satisfaction of seeing a bank humiliated is worth every penny

Out of couriosity, whats the name of the Bank you are taking to court?

frugalpam

Nathan_Spleen wrote: »

I am financialy involved in an action against another bank seeking a 'declaration' of their charge costs. There is no financial gain in it if we win but the same applies. I have given a personal guarentee of nearly £100k to meet costs if we lose which enables the case to be brought in the first place. The bigger picture is the issue here and as I can fortunatly afford it, the potential satisfaction of seeing a bank humiliated is worth every penny

Wow - thats a lot of money to risk, just for the satisfaction of seeing this bank "humiliated", and no financial gain for you if you win? What's your job? Are there any vacancies? :rotfl:

Pam

Nathan_Spleen

Well as I'm not the actual litigant it's not up to me to say really. At least
until the action starts. I'm just helping in a champertous capacity. But you can rest assured we're going in all guns a blazin'

Nathan_Spleen

frugalpam wrote: »

Wow - thats a lot of money to risk, just for the satisfaction of seeing this bank "humiliated", and no financial gain for you if you win? What's your job? Are there any vacancies? :rotfl:

Pam

I'm retired, so I spose there are always vacancies. And in the great scheme of things it's peanuts compared to what the bank will have to shell out in claims if we win. If we lose I'll sleep soundly in the knowledge I tried. But either way it's gonna be fun and at my time of life I need all the laughs I can get.

frugalpam

Nathan_Spleen wrote: »

I'm retired, so I spose there are always vacancies. And in the great scheme of things it's peanuts compared to what the bank will have to shell out in claims if we win. If we lose I'll sleep soundly in the knowledge I tried. But either way it's gonna be fun and at my time of life I need all the laughs I can get.

Well.... its an incredibly noble thing to do, using £100,000 of your own money as a guarantee to meet costs when taking action against this bank (dying to know who it is ), with no financial gain for yourself even if you win !!

Now with £100,000 at my disposal, I could pay off the mortgage, pay off my nieces and nephews student loans, and have a bit left to invest. Ah well....

Pam

techspec

frugalpam wrote: »

Wow - thats a lot of money to risk, just for the satisfaction of seeing this bank "humiliated", and no financial gain for you if you win? What's your job? Are there any vacancies? :rotfl:

Pam

Nathan_Spleen wrote: »

I'm retired, so I spose there are always vacancies. And in the great scheme of things it's peanuts compared to what the bank will have to shell out in claims if we win. If we lose I'll sleep soundly in the knowledge I tried. But either way it's gonna be fun and at my time of life I need all the laughs I can get.

I knew it! Those pensioners are getting much more money than they are letting on.

That's the last time i donate to help the aged!!!! :rotfl:

Nathan_Spleen

Pam

Yes but if we win it could mean thousands of people could be significantly
better off and for the risk, you could'nt buy kind of satisfaction for 1000
times that amount

frugalpam

techspec wrote: »

I knew it! Those pensioners are getting much more money than they are letting on.

That's the last time i donate to help the aged!!!! :rotfl:

:rotfl: :rotfl: :rotfl: :rotfl: :rotfl:

Pam