bank charges
OFT Abandon Bank Charges Fairness Case
There is disppointing news on bank penalty charges today. The OFT have decided to abandon the legal challenge on bank charges fairness. This follows the Supreme Court ruling that said that the specific part of the law they were claiming would allow them to decide on fairness, did not actually apply.
It is a blow for [...]
Shock Penalty Charges Ruling By Supreme Court
The long awaited announcement of the ruling by the supreme court, formerly the law lords, on the question of whether the OFT could test the fairness of bank charges was given this morning and it came as a considerable shock to many thousands and perhaps millions of UK citizens.
The judgement was that on the very [...]
Bank To Remove Bank Charges
In an interesting development ahead of the soon expected ruling from the new supreme court on whether the FSA can challenge the fairness of bank charges and fees, one bank has announced a new account that will not make apply a fee for unauthorised overdrafts or bounced payments.
This has clearly been in the planning process [...]
