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Courts must find in favour of consumer in overdraft case - Cable
27 July 2007
http://www.libdems.org.uk/economy/courts-must-find-in-favour-of-consumer-in-overdraft-case-cable.13012.html
Responding to the news that a number of UK banks have agreed to go to court in a test case over the legality of overdraft charges, Liberal Democrat Shadow Chancellor, Vince Cable MP said:
"This is a very important milestone in the struggle by consumers to get fair treatment from their banks.
"After initially dismissing protests from consumers and consumer groups regarding unfair overdraft charges, banks have had to concede that they are on very shaky ground legally.
"There is widespread dissatisfaction over the way charges are applied capriciously and are often unrelated to any costs.
"I look forward to the courts coming down firmly on the side of the consumer."
Courts must find in favour of consumer in overdraft case - Cable
27 July 2007
http://www.libdems.org.uk/economy/courts-must-find-in-favour-of-consumer-in-overdraft-case-cable.13012.html
Responding to the news that a number of UK banks have agreed to go to court in a test case over the legality of overdraft charges, Liberal Democrat Shadow Chancellor, Vince Cable MP said:
"This is a very important milestone in the struggle by consumers to get fair treatment from their banks.
"After initially dismissing protests from consumers and consumer groups regarding unfair overdraft charges, banks have had to concede that they are on very shaky ground legally.
"There is widespread dissatisfaction over the way charges are applied capriciously and are often unrelated to any costs.
"I look forward to the courts coming down firmly on the side of the consumer."
