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Judgment in appeal oft v Banks.UTTCR applies. Whoop.10:08 AM Feb 26th
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The court has denied the banks further appeal and although the banks may petition the House of Lords to appeal further Master of the Rolls may have indicated this would not be successful.
The Judgment to uphold the original judgment from Justice Smith is heavily based on the previous House of Lords decision in First National Bank - Read Director General v First National Bank case here
The Banks must submit within a month whether they apply to the house of lords to allow an appeal - and then the house of lords must respond within 8 weeks. So we are looking at May possibly before the House of Lords AND the OFT's investigation is completed and before any stays lifted.
IF the House of Lords DO grant the banks an appeal IF the banks apply for one - we could be looking at 2010 before any conclusion, so fingers crossed they hold their hands up.
The OFT have no powers to order the banks to repay consumers. We already know they have contacted banks with their initial findings under UTCCR and that they have found the specifics terms unfair, these investigations continue.
With regards to reclaiming - NOTHING CHANGES YET - please KEEP putting your claims into the banks and KEEP putting in requests for consideration if you are suffering financial hardship.
More...
The court has denied the banks further appeal and although the banks may petition the House of Lords to appeal further Master of the Rolls may have indicated this would not be successful.
The Judgment to uphold the original judgment from Justice Smith is heavily based on the previous House of Lords decision in First National Bank - Read Director General v First National Bank case here
The Banks must submit within a month whether they apply to the house of lords to allow an appeal - and then the house of lords must respond within 8 weeks. So we are looking at May possibly before the House of Lords AND the OFT's investigation is completed and before any stays lifted.
IF the House of Lords DO grant the banks an appeal IF the banks apply for one - we could be looking at 2010 before any conclusion, so fingers crossed they hold their hands up.
The OFT have no powers to order the banks to repay consumers. We already know they have contacted banks with their initial findings under UTCCR and that they have found the specifics terms unfair, these investigations continue.
With regards to reclaiming - NOTHING CHANGES YET - please KEEP putting your claims into the banks and KEEP putting in requests for consideration if you are suffering financial hardship.
