Bank Charge Court Case Result: Thursday 24th April
April 22nd, 2008 3 Comments » | POSTED BY ROB
It looks as if the long-awaited result to the bank charge court case will be annouced this Thursday, 24th April.
If you recall, last year the Office of Fair Trading (OFT) started a court case against 7 different banks and building societies, to decide whether it can claim that their charges are unlawful under unfair contractual terms rules. This case is the first step in the OFT process – once we have the court’s decision, the OFT will then make its ruling, which if the court case goes in their favour, is likely to say the banks have acted unlawfully.
It’ll be interesting to see the courts decision and how the banks react. In the long term, it has been thought that it might mean the end of free banking, if such a thing exists. In the short term, it might provide consumers with a little bit of laugh at the expense of the banks during the onslaught of the credit crunch.
3 Comments on “Bank Charge Court Case Result: Thursday 24th April”
» Bank Charge Court Case Result: Thursday 24th April Building Societies on The Finance World For News and Information Around The World On Finance: Find Info, News and More on Building Societies, April 23rd, 2008
[...] Bank Charge Court Case Result: Thursday 24th April If you recall, last year the Office of Fair Trading (OFT) started a court case against 7 different banks and building societies, to decide whether it can claim that their charges are unlawful under unfair contractual terms rules. … [...]
L Maurice-Jones, November 2nd, 2008
I cant get anything from your site regarding the results off the bank charges court case.
Where can I get that info.
Kirsty Hartley, November 10th, 2008
Hello,
Oct 28th 2008- the bank has put an appeal in again.
K
