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House of Lords: banks given leave to appeal

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  • House of Lords: banks given leave to appeal

    http://www.moneysavingexpert.com/ban...est-banks-give

    Banks have been given permission by the House of Lords to appeal a ruling that ‘unlawful’ overdraft charges can be subject to fairness rules.


    The decision, confirmed today by the House of Lords’ judicial office, is a major blow to consumers as it’s likely the resumption of the bank charges reclaiming process will be held up again.


    Last month, as part of the historic bank charges test case, the Court of Appeal agreed with the High Court's decision that charges can be subject to 'unfair contractual terms' laws.


    This was a crucial victory for reclaimers as without it, the banks can ignore the Office of Fair Trading’s (OFT) view whether charges of up to £39 a time for a bounced payment or for exceeding your overdraft limit are fair. The OFT has provisionally suggested they are unfair but has not concluded its investigation.


    The House of Lords’ judicial office says in a statement: “Office of Fair Trading (Respondents) v Abbey National plc and others (Petitioners). That leave to appeal be given; and that the petition of appeal be lodged by 15 April.”


    The appeal could be heard by the end of July, but because the Lords closes for summer, if there are any delays, it may not be heard until October.


    The City regulator, the Financial Services Authority, has allowed banks, the Financial Ombudsman and the courts to suspend all bank charge claims pending the outcome of this case.


    Martin Lewis, creator of MoneySavingExpert.com, says: “The reclaiming charge is a super-tanker and it’s only heading in one direction. The banks can’t stop it, but they’re doing all they can to slow the process.
    “It’s time the banks paid out. Hundreds of thousands of people are waiting to get money back that’s been unlawfully taken from their accounts, without their permission. There’s nothing the economy needs more right now than cash put into people’s pockets."


    While this means it’s likely the FSA will extend its hold on reclaiming, that shouldn’t stop people putting in their claims as soon as possible, to put them ahead in the queue. In addition, the hold does not apply to anyone in financial hardship.

  • #2
    Re: House of Lords: banks given leave to appeal

    He knows its past 12.00, so Its not an April fool...is it?
    The charges coming in to the banking industry every day will more than pay the banks total legal bill for the whole test case so why wouldn’t the Banks want to "ensure Justice at the highest level"

    Comment


    • #3
      Re: House of Lords: banks given leave to appeal

      It's a circle of back scratching mates lining each others pockets, yet again. The bank bosses are lining the pockets of the solicitors, they in turn pay off the Lords and so it goes on, 'The old boys' network.
      Borrow money from a pessimist -- they don't expect it back.

      Comment


      • #4
        Re: House of Lords: banks given leave to appeal

        Originally posted by ROBSTER View Post
        He knows its past 12.00, so Its not an April fool...is it?
        Nope. Just spoken to a BBC hack who confirmed it.

        Comment


        • #5
          Re: House of Lords: banks given leave to appeal

          Its on here House of Lords - Minute
          #staysafestayhome

          Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

          Received a Court Claim? Read >>>>> First Steps

          Comment


          • #6
            Re: House of Lords: banks given leave to appeal

            Originally posted by EXC View Post
            Nope. Just spoken to a BBC hack who confirmed it.
            Yep so does House of Lords Just off the phone.

            (edit)!
            The charges coming in to the banking industry every day will more than pay the banks total legal bill for the whole test case so why wouldn’t the Banks want to "ensure Justice at the highest level"

            Comment


            • #7
              Re: House of Lords: banks given leave to appeal

              All you guys needed to do was read the link on Michael's post and at the bottom of the article it gives a link to the announcement

              Save me a phone call

              Comment


              • #8
                Re: House of Lords: banks given leave to appeal

                http://www.parliament.uk/judicial_wo...cial_work4.cfm

                The Appellate Committee usually hears appeals on Mondays from 11am to 1pm and from 2pm to 4pm; and on Tuesdays to Thursdays from 10.30am to 1pm and from 2pm to 4pm. Hearings may, however, start earlier or later and finish earlier or later. Hearings take place in Committee Rooms 1 and 2 on the Committee Corridor of the Palace of Westminster.
                Judgment is given in the Chamber of the House of Lords. When judgments are to be given, the House usually sits on Wednesdays at 9.45am (with effect from Wednesday 1 February 2006).

                Admission to the House of Lords for judicial business
                Neither an admission pass nor prior notice is required for those members of the general public wanting to attend the hearing or judgment of an appeal; those wishing to attend either should enter the Palace via St Stephen's Entrance.

                Marvelous. Those red leather benches do look rather comfortable.

                Comment


                • #9
                  Re: House of Lords: banks given leave to appeal

                  Nuther load of pure bollox IMHO

                  Comment


                  • #10
                    Re: House of Lords: banks given leave to appeal

                    Banks will appeal on charges case


                    Sir Anthony Clarke suggested further appeals were a waste of time

                    The UK's banks have been given permission by the House of Lords to appeal against a recent Appeal Court judgement on bank charges.
                    In March the Appeal Court upheld a High Court decision that the fairness of overdraft charges could be investigated by the Office of Fair Trading (OFT).
                    The latest move will extend the long-running legal test case over the fairness of bank charges.
                    The first stage of the litigation has already lasted for 18 months.
                    During this time nearly all new claims for the return of bank charges have been put on hold in the county courts and at the Financial Ombudsman Service.
                    Marc Gander of the Consumer Action Group (CAG) said he was not at all surprised by this latest development.
                    "We expect them to lose and when the process is finally exhausted we hope they will come quietly and return £30bn to the High Street," he said.
                    Rulings
                    Last year, Mr Justice Andrew Smith ruled in the High Court that the OFT had the power to scrutinise the fairness of bank charges, under the 1999 Unfair Terms in Consumer Contracts regulations.
                    The seven banks, along with the Nationwide building society, which were party to the test case with the OFT, appealed against the ruling.
                    However, their arguments were firmly rejected by three Appeal Court judges, led by the Master of the Rolls, Sir Anthony Clarke.
                    Handing down his judgement, he suggested the banks might be wasting their time taking the issue to the House of Lords because four judges had now come to the same conclusion.
                    The banks clearly did not agree.
                    Behind the scenes, both sides have been preparing their arguments for the eventual second round of court hearings, in which the fairness of bank charges will be decided.
                    The OFT has already made it clear that as a result of its own investigations it does consider that overdraft fees are unfair.
                    It may argue that the charges should therefore be reduced substantially from their current levels, which sometimes amount to more than £30 for bouncing a cheque.
                    #staysafestayhome

                    Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

                    Received a Court Claim? Read >>>>> First Steps

                    Comment


                    • #11
                      Re: House of Lords: banks given leave to appeal

                      BBC article again??

                      Comment


                      • #12
                        Re: House of Lords: banks given leave to appeal

                        Originally posted by natweststaffmember View Post
                        BBC article again??
                        deja vu or have I seen this somewhere before??
                        The charges coming in to the banking industry every day will more than pay the banks total legal bill for the whole test case so why wouldn’t the Banks want to "ensure Justice at the highest level"

                        Comment


                        • #13
                          Re: House of Lords: banks given leave to appeal

                          Originally posted by ROBSTER View Post
                          deja vu or have I seen this somewhere before??
                          have explained to amethyst off forum so throw away comment.

                          Comment


                          • #14
                            Re: House of Lords: banks given leave to appeal

                            Well - since the ruling on 26th Feb, they've now had more than a month to put together their appeal. They KNEW they were going to apply for leave to appeal; so they should have been spending that time writing the text of their appeal petition. I therefore expect (if they are behaving "expeditiously") to hear that the banks have lodged their appeal petition by the end of this week.

                            What's the betting, however, that we will be waiting until 16:00 hours on the 15th April for the appeal to be lodged???

                            Tom
                            I will not provide support by Private Message under any circumstances. This is for your protection and mine. Any advice I give is my own opinion and carries no legal weight. Check it before you use it!
                            Over £1200 claimed in several actions against several organisations.

                            Comment


                            • #15
                              Re: House of Lords: banks given leave to appeal

                              Originally posted by natweststaffmember View Post
                              have explained to amethyst off forum so throw away comment.
                              It was aimed at the rhetoric in the article not your comment on it.
                              The charges coming in to the banking industry every day will more than pay the banks total legal bill for the whole test case so why wouldn’t the Banks want to "ensure Justice at the highest level"

                              Comment

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