Bank Charges Test Case Article discussion

fibo_8

Hi, i also have the same issue with lloyds bank, where i have written to them trying to reclaim bank charges, where they replied to me telling me that i couldnt reclaim my charges as they were all within contracts and things.. is this right? or do i need to keep hasseling them? I just went along with the letter in the end, as i dont really know where i stand!! hopefully someone can help, also wackyjacky1 if you find anything out, please will you let me know, its nice to have someone in the same situation as me!

Thanks

Fee

Nathan_Spleen

showergirl wrote: »

who were the four banks. And what does this mean

The judgement found that in the main, current T&Cs were in plain intelligible language (PIL) except for 4 banks ''In certain specific and relatively minor respects.'' These were Abbey, Barclays, Clydesdale and HBOS.

In their requests for leave to appeal all 4 banks siad that the consequences ''would have significant financial implications'' and that in some instances could also apply to historical terms. They also pleaded that an appeal would have ''a good prospect of success''

The OFT argued that there was no prospect of success, that the appeal process would unnecessarily delay procceedings and that the financial implications for the banks was irrelevent to their right to appeal.

The judge refused all 4 appeals. But there is nothing to stop the banks making an application to appeal to the Court of Appeal and I'd be surprised if they didn't.

Abbey had claimed that the judge didn't understand their grounds for appeal and the judge responded by saying ''Without being discourteous, I hope I've grasped your arguments''.

Barclays had said that it would effect tens of thousands of transactions since 2007. The relevent section in the judgement is paragraph 174:
http://www.oft.gov.uk/shared_oft/per...e-judgment.pdf

The judge said of a section of Clydesdale's T&Cs ''Many intelligent people wouldn't understand it. For the few superstars who would manage to understand it, maybe.''

HBOS had insisted that their T&Cs were in PIL if you cross-referenced sections of the contract with the leaflet. The judge said ''What? You mean you'd keep having to re-read the leaflet? At some stage, in a few years, you'd want to get on with your life!'' HBOS said they would ''iron out that particular wrinkle in the terms''.<!-- / message -->

transatlanticrachael

I printed off the letter and send it to my bank (lloyds) a few weeks later I receive a letter saying that the £30 charge for being overdrawn for one day was under their term of conditions and therefore fair. what can i do now?

pkb1

Hi ....i was told that by RBS as well, for the sake of a stamp i have resent my original letters to RBS and Nationwide...................it cant hurt, better than being left at the post as it were!
P

micamoo_3

i have put my claim in against my bank and have recieved a reply to say the usual speil, but i want to know if i close my account will this affect my claim?
i have already gone to a different bank and have not used the account since january, but they keep adding charges to this account.

jagsgroup

Is there anything we as consumers can do to try and pressurize the banks/courts into getting an early result, or at least get this crazy 'hold' lifted. My point being Halifax plc according to my statements owe me £12,000 @ April 2007. I have read today that the interest from then til now may not be added. So if our legimate claims are on hold surely the banks should be forced to charge for example £5 NOT £40.
Whilst they, the banks, still have the option of stalling, sorry appealling against, the court case they will stall it saving them £billions in payouts and making them £billions in further charges.
They're position in the this matter, is taking the mickey, and even me as joe public can see that. Perhaps the government could step in to force the issue for the consumers benefit rather bailing out one of these criminals' ref Northern Rock.

BILKO_2

had an account with natwest, got charged over 600 pounds.the account was closed and i reclaimed way way back last year with another company. this company would take a 'cut' and save me the hassle natwest offered less than 350 and with the cut i'd get about two hundred, i rejected this offer to the company representing me and natwest, i have recieved no money from natwest AND NOW have a bill from a debt collector representing the lawyers from the reclaim case! what should i do now? start all over?

PLEASE HELP

Drinker_2

Edinburghlass wrote: »

Provided the bank has replied to you that your case in on hold then your claim will be in the pipeline.

http://www.moneysavingexpert.com/reclaim/oft-bank-charges#process

and from the FSA

http://www.moneymadeclear.fsa.gov.uk/news/product/unauthorised_overdraft_charges_test_case.html

Thanks for the reply, guess i'll have to wait. Wonder how long though?

showergirl

Barclays have announced today that they will be cutting their overdraft fees to £8 from August. They say they have listened to their customers. Is it not them admitting that their charges were wrong in the first place. Have they made a deal with the OFT or are they running scared. Lets hope the other banks follow suit. Drop the price of their charges and give us our money back. This announcement today proves it can be done.

hornsby_2

I have just got my statements going back ten years from barclays and found most of my claims are older than six years so is there any chance whatsoever that I could reclaim these older charges ? thanks