Bank Charges – Penalty Charges Test Case
After a long wait we finally have a result and it seems to be a good one for the consumer. The judge has broadly agreed with the view of the OFT that bank charges should be considered by the OFT under the consumer contract regulations. There will be a delay while the banks are considering an appeal, something they will very likely want to do because every delay saves them a lot of money.
The full judgement is available thanks to the BBC website <here>
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