Bank Charges OFT Test Case Discussion

dchurch24

Sorry ...but it's just tooooo easy. I'll stop now.

Smasher

Ah, I didn't realise it was you Dave. There's me posting stuff you already know..:p

deary65

dchurch24
There is a post here which makes for interesting reading, read from post 8.
http://www.consumeractiongroup.co.uk/forum/general/113387-oft-test-case-pocs.html

bstack

Hi,

Does anyone have any info or can update me on the test case? As far as I was aware, there was to be a decision (possibly interim) to be made around this time.

fullingdale

Am I missing something here?

The whols subject seems to have disappeared from the media ... nothing has been on the news, in the papers or on the primary websites about the current progress of the test case. Perhaps, I'm just missing something.

I know that the start was delayed due to other commitments of the judge presiding over it, but that's all that I have heard.

Could someone advise as to where I can find the latest goings on as I am presently stuck with the "stay until 28 days after the verdict", which I assume is to give the banks the opportunity to appeal against the verdict and delay things EVEN further.

Many thanks.

Edinburghlass_2

Edinburghlass wrote: »

It is expected to take until July at the earliest and then there could be appeals.

As above for an expected judgement.

Nathan_Spleen

fullingdale wrote: »

Am I missing something here?

The whols subject seems to have disappeared from the media ... nothing has been on the news, in the papers or on the primary websites about the current progress of the test case. Perhaps, I'm just missing something.

I know that the start was delayed due to other commitments of the judge presiding over it, but that's all that I have heard.

Could someone advise as to where I can find the latest goings on as I am presently stuck with the "stay until 28 days after the verdict", which I assume is to give the banks the opportunity to appeal against the verdict and delay things EVEN further.

Many thanks.

The latest update from the OFT was on March 11:

http://www.oft.gov.uk/advice_and_resources/resource_base/market-studies/personal/personal-test-case/personal2

They estimate the judgement to be made at the end of July but that's only a guess. The Judge made it very clear that upon judgement and regardless of any appeals, it is quite conceivable that most stays could be lifted within a month of his judgement.

natweststaffmember

I think the banks will as well, appeal any such lift while the appeals process is going through depending on which way the decision goes. That is a thought, what if the Banks WIN the case and the judge lifts the stays. The OFT appeal so would there be a case for claimants in this hypothetical decision to apply for a stay until the final decision is made?
Just a thought.

mystic_trev

deary65 wrote: »

dchurch24
There is a post here which makes for interesting reading, read from post 8.
http://www.consumeractiongroup.co.uk/forum/general/113387-oft-test-case-pocs.html

Yeah - Heard a rumour that the Banks were feeling pretty 'chipper'

shaunkerr

I have had an offer from my bank in regards to bank charges, but this is half of what i was expecting so i declined it.

Could i now go back to my bank and accept the first offer or not

Regards