Bank Charges Test Case Article discussion

poppy10_2

MercMan wrote: »

News just in from BBC feed. Supreme Court has upheld the Banks Appeal. The OFT cannot challenge the Banks on the grounds laid out by them.

A Supreme Court judgement has struck a grievous blow to the hopes of millions of bank customers to be refunded billions of pounds in bank charges.
The court has overturned earlier court rulings that allowed the Office of Fair Trading to investigate the fairness of charges for unauthorised overdrafts.
The decision follows more than two years of test case litigation.

abbeylover

Having just watched the news, I can say i'm over the moon with the ruling! Your fault for going overdrawn so take responsibilty for you actions! Would'nt it be great if the banks were now able to reclaim back the charges that were claimed :rotfl:he he he:rotfl:To say I will be laughing all the way to the BANK is understatment!!!!!

mr113

This is an absolute disgrace.

The fact that the court could unanimously uphold the appeal strikes me as very odd.

The UK Supreme Court has ruled that THREATS are legally binding.

Bank charges are on a par with Fixed Penalty notices, and SHOULD not be given by a private body.

Does this perhaps have anything to do with the government being a major shareholder of 2 banks??

slippyslot

Im I right in saying that a bank went bust this year in holland cos people boycotted it? If this is so, can it be done here? Ive been with the Halifax all my life, 21 years. As I see it they still owe me £4,500, why should I give them my very hard earned cash, time to change I think, i`ll stick with my N.Ireland banks.
Boycott, we still and will always have the power..............:money:

MercMan

So is it worth still putting in claims still? I guess its not any more as the Banks will refer to Court Ruling and throw the claim out.

Linguistic_Chimp

The BBC is now looking for case studies and reaction to the Supreme Court ruling through their debate: Should the OFT investigate bank charges?

Just send in your case or reaction using the 'Add Your Comment' button.

MercMan

abbeylover wrote: »

Having just watched the news, I can say i'm over the moon with the ruling! Your fault for going overdrawn so take responsibilty for you actions! Would'nt it be great if the banks were now able to reclaim back the charges that were claimed :rotfl:he he he:rotfl:To say I will be laughing all the way to the BANK is understatment!!!!!

Yes it is very fair to go overdrawn by 1 penny and get a massive fee charged. Remember who bailed out the banks. It was the poor bloody British tax payer as the Bankers were, and still are inept, at running their businesses.

bristolleedsfan

abbeylover wrote: »

Having just watched the news, I can say i'm over the moon with the ruling! Your fault for going overdrawn so take responsibilty for you actions! Would'nt it be great if the banks were now able to reclaim back the charges that were claimed :rotfl:he he he:rotfl:To say I will be laughing all the way to the BANK is understatment!!!!!

:rotfl: :rotfl: :rotfl:

Edited to add. http://forums.moneysavingexpert.com/showthread.html?t=2103729

jenniewb

Anyone thinking "someone has been paid to say that" re: current court case result?

slippyslot

jenniewb wrote: »

Anyone thinking "someone has been paid to say that" re: current court case result?

would you trust any of them......would we ever find out?