Case Management Conference/News 22/05/08

Edinburghlass_2

Please put any links/news from today in this thread

http://news.bbc.co.uk/1/hi/business/7412119.stm

MSE_Martin

provisionally from MSE Wendy who's there... the banks are going to be allowed to appeal... more to come later...

nickmack

MSE_Martin wrote: »

provisionally from MSE Wendy who's there... the banks are going to be allowed to appeal... more to come later...

Sadly this comes as no suprise.

I wonder if the OFT will appeal against the judges decision regarding unfair penalties under common law and the T & C's being in plain and intelligible language?

mystic_trev

Britain's banks today delayed an outcome to the legal wrangle over bank charges by appealing against the judge's decision in the first stage of the test case.

A lawyer for consumer group Which? attending today's meeting between eight High Street banks, the Office of Fair Trading and Mr Justice Andrew Smith, confirmed that the judge had accepted the banks' right to appeal - a process which could set back a decision a year or more.

http://www.thisismoney.co.uk/news/article.html?in_article_id=442024&in_page_id=2&ct=5

machomanugget

what an absolute disgrace.

mystic_trev

A High Court judge has told the Office of Fair Trading to reveal when it will decide if bank charges are fair or not.

Mr Justice Andrew Smith made his comments as he granted eight banks leave to appeal against his earlier ruling on the issue.
Last month he decided that the OFT had the power under consumer contract regulations to rule if bank overdraft charges were unfair. Thousands of bank customers will have to wait for their cases to be

http://news.bbc.co.uk/1/hi/business/7414299.stm

chipbeck

If they drag it on long enough there will be quite a few of us who will probably have popped our clogs.

What a country we live in.

We'll pay millions to millions then when we get peed off we'll stop.

Fact is simply that when eventually we do get something back, and I have no doubt we will, we won't get the full amount that everybody has been paid out previously. If the banks thought there was a chance of that happening they would have paid up.

mackers8923

No great suprise here to be honest, I have a claim sitting at the minute may as well check this time next year. Funny how things have turned to the OFT deciding on when they are going to do x,y and z.

Shame the banks don't just own up to it, oh thats right sorry I was in dream land there for a minute.

mreroots

so it means that we still cannot claim charges back???

mackers8923

mreroots wrote: »

so it means that we still cannot claim charges back???

You can start your case but it will get placed on hold.... better to do it now though

kev2b3

What a long winded affair this has been. While the great OFT twiggle their thumbs wondering what to do next ill just sit here watching by mates and their families get into greater debt and the banks rubbing their hands with glee has they take more and more from them each month. ONE SIDED I THINK
The judge should now give the OFT a good kick up the !!!.