Bank Charges Test Case Article discussion

Hobertson_Rolbrook

mikevans1 wrote: »

hi its my first post hear and sorry if this has already been answered but i put a claim in for my bank charges early on in 2007 with the bank delaying a response my claim fell under the stop of bank charges being refunded. i am just wondering how long this is going to continue for i heard that an announcment was going to be made 2nd October 2009 i have recently been made redundant and the money that i am owed would help me out alot while looking for further employement i tried to go down the hardship route for my claim but because i dont have debts over a certain amount i was not able to claim hardship. any information is appreciated.

Thanks

TEST CASE results not due before 26 October:

You've all been patient for the last few years, will the banks fold and cough up if the House of Lords find against them?

Can they afford to?

From a political point of view "can they afford not to?"

jilly196464

could anybody inform me when the next key date is for bank charges (sometime in october) and if it has happened what was the result
thanks jill

natweststaffmember

jilly196464 wrote: »

could anybody inform me when the next key date is for bank charges (sometime in october) and if it has happened what was the result
thanks jill

I think the post above yours explains it. We are awaiting the Supreme Court(formerly the House of Lords) decision as to whether the charges can be assessed for fairness.

louloubelle79

Just rang Natwest eagerly awaiting any news on my claim of £5000, still waiting for test case..anyone know how long this may take?

natweststaffmember

louloubelle79 wrote: »

Just rang Natwest eagerly awaiting any news on my claim of £5000, still waiting for test case..anyone know how long this may take?

The next decision is whether the charges are assessable for fairness and so we haven't started the real nitty gritty of which terms are unfair, if they are unfair what is a fair term, how far back does the bank have to refund and what method they have to refund by.

adora0352

I think the best solution to this problem (like everybody did with reclaiming in the first place) is to take your money out of your bank accounts and refuse to pay any money in until you are refunded your charges money.

They will be losing absolute fortunes if everyone pulls together and acts on this.

Don't you agree?

natweststaffmember

adora0352 wrote: »

I think the best solution to this problem (like everybody did with reclaiming in the first place) is to take your money out of your bank accounts and refuse to pay any money in until you are refunded your charges money.

They will be losing absolute fortunes if everyone pulls together and acts on this.

Don't you agree?

No I don't.

GerryS

My daughter who works for HBOS informs me that the banks have been told that the Law Lords will deliver their verdict on bank charges next Wednesday (21st).
She has told me in the past that she thinks the Law Lords will rule in favour of the OFT but that banks will not be forced to repay charges. She still believes this to be the case although she has no evidence to support her theory.
We wait with baited breath.

natweststaffmember

GerryS wrote: »

My daughter who works for HBOS informs me that the banks have been told that the Law Lords will deliver their verdict on bank charges next Wednesday (21st).
She has told me in the past that she thinks the Law Lords will rule in favour of the OFT but that banks will not be forced to repay charges. She still believes this to be the case although she has no evidence to support her theory.
We wait with baited breath.

Your daughter is wrong. The Supreme Court posts its upcoming cases each Thursday for the following week and as has been mentioned on this thread it will not be until at least October 26th.
However, she is 100% in that the Law Lords decision will not force the banks to repay even 1p since this part of the case is about whether the charges can be assessed for fairness and NOT if the charges are fair. Out of interest, does she work in a branch, head office or their legal department. If it is their legal department please can you PM me rather than say it on the open forum. I have seen issues where the department is that small that it allows identification of the individual which can cause problems.

Alastairroy

I am looking for updates, does anyone know what has happened the next key date of Oct 09 has been reached and there has been no further information posted.

Thanks in advance
Al