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Bank fees

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fatalbert | 19:10 Fri 07th Mar 2008 | Law
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What is the latest concerning the court case about bank fees,is it still going on?
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Avatar Image Stu Dent
The OFT's application has been heard, but judgement is to be given at a later date (I'm not sure when). Possibly this month I think.

My money is on the banks winning. The interests of big business always seems to win over the interests of the ordinary member of the public - e.g. applicability of S.75 of the Consumer Credit Act 1974 to overseas transactions.

I hope I am wrong.
21:15 Fri 07th Mar 2008
Avatar Image NORMANTHEDOG
yes,will be quite a while till its resolved
21:15 Fri 07th Mar 2008
Avatar Image Stu Dent
I may be wrong! I received an email from Egg this week telling me default charges were being rediuced from �20 to �12 - the limit above that the OFT say is 'automatically unfair'!

It suggests that the creditors are on the run and have pre-empted a decision against them. Hope so!!!
21:56 Thu 17th Apr 2008

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