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This is what the bonus boys are reading over their Champagne breakfasts this morning
:santa_wink:
New legal arguments on bank charges case
New legal arguments on bank charges case
Penaltycharges.co.uk is urging the Office of Fair Trading (OFT) to continue its action on unauthorised overdraft charges.
The website, which was set up in 2004, has joined other consumer groups to develop legal strategies that could mean the OFT will not to give up on its test case involving seven High Street banks and one building society.
Last year, the High Court ruled that the watchdog had the right to decide whether or not the charges were fair but the banks appealed and in November, the UK’s new Supreme Court ruled that the OFT cannot investigate unauthorised overdraft charges under the 1999 Unfair Terms in Consumer Contracts Regulations.
The Court also denied the OFT the right to appeal to the European Court of Justice, however, Supreme Court President, Lord Phillips of Worth Matravers, did suggest it could pursue fairer treatment for consumers under other regulations.
The OFT is currently considering its position and says it will make an announcement this month.
Meanwhile, Penaltycharges.co.uk and four other consumer groups have informed the OFT of new legal arguments and have suggested challenging the fairness of banks’ charges via the Consumer Credit Act (1974).
Penaltycharges founder, Stephen Hone, says: “Millions of people are waiting to get the money back that was unfairly taken from their accounts and we are confident that the addition of these new legal arguments will see consumers’ money being returned to them.”
He adds: “The British taxpayer has had enough of propping up the banks without being consulted, and instead of using our money to pay exorbitant bonuses, it’s time to return it to our pockets.”
:santa_wink:
New legal arguments on bank charges case
New legal arguments on bank charges case
Penaltycharges.co.uk is urging the Office of Fair Trading (OFT) to continue its action on unauthorised overdraft charges.
The website, which was set up in 2004, has joined other consumer groups to develop legal strategies that could mean the OFT will not to give up on its test case involving seven High Street banks and one building society.
Last year, the High Court ruled that the watchdog had the right to decide whether or not the charges were fair but the banks appealed and in November, the UK’s new Supreme Court ruled that the OFT cannot investigate unauthorised overdraft charges under the 1999 Unfair Terms in Consumer Contracts Regulations.
The Court also denied the OFT the right to appeal to the European Court of Justice, however, Supreme Court President, Lord Phillips of Worth Matravers, did suggest it could pursue fairer treatment for consumers under other regulations.
The OFT is currently considering its position and says it will make an announcement this month.
Meanwhile, Penaltycharges.co.uk and four other consumer groups have informed the OFT of new legal arguments and have suggested challenging the fairness of banks’ charges via the Consumer Credit Act (1974).
Penaltycharges founder, Stephen Hone, says: “Millions of people are waiting to get the money back that was unfairly taken from their accounts and we are confident that the addition of these new legal arguments will see consumers’ money being returned to them.”
He adds: “The British taxpayer has had enough of propping up the banks without being consulted, and instead of using our money to pay exorbitant bonuses, it’s time to return it to our pockets.”
