OFT May Cop Out Of Test Case

Nathan_Spleen

''The Office of Fair Trading (OFT) could drop next year's High Court test case over bank overdraft charges, a senior official has said.''


http://news.bbc.co.uk/1/hi/business/6989510.stm

lindilou39

How typical is that, Pah! at the OFT...they need to make they bliddy minds up either they are going to test case the banks or they are not...eitherway...why the heck are we all being stayed if the OFT are going to poodle out on us...This is just making a mock of the whole court system and its P***ing me off!

Aggy_2

Read this and wondered if it would happen or if it was more hot air.?

http://news.bbc.co.uk/1/hi/business/6989510.stm

lindilou39

Aggy wrote: »

Read this and wondered if it would happen or if it was more hot air.?

http://news.bbc.co.uk/1/hi/business/6989510.stm

Cheers Aggy but its already been posted by Nathan Spleen.

Norfolk_Shot

Hmmmm this is why the Stays are a waste of time in plain English....

Could that page be used with the below highlighted in our own court cases or when trying to get Stays lifted?

"the judge will not be asked to rule on whether bank charges are legal or fair."

HillyBillie

Could this mean that the banks get away with offering super low charges/interest rates etc and then not have to even look at the past cases???

techspec

A predictable KOP out. They should have kept their brown noses out of it.

icefall

interesting news

thanks op

sounds like there is a lot going on behind the scenes

Stokey125

What I find troubling is the remark that the OFT agrees in most instances that the charges are not penalties. However they are still unfair. How do they come to that conclusion

steveh66_2

I agree with that, Stokey. This is beginning to look like one almighty farce in the making. Just how much is this 'compromise' figure likely to be, if it's agreed on before a trial, and in whose favour? The OFT should have the backbone to see this through; if they cop out now without any clear, fair resolution they'll be an utter laughing stock.

workingboy

So if thats the case where the OFT looks to be backing off with the banks.

Where does that leave us with the claims either in the Courts or this so called test case which the banks are waiting for, before proceeding any further with the claims.

What do we do now??