OFT v Banks Judgment 25th November 2009 - 9.45am- Supreme Court - Test case

[Centium5000]

Re: OFT v Banks Judgment 25th November 2009 - 9.45am- Supreme Court - Test case

It looks like the committee hearing - above - will be broadcast live on the Parliament Live site from 2.30 tomorrow (Wednesday):

Player


If you can't watch it live it will be archived.

Just over an hour to go - should be interesting if they ask EXC's question

[davidl]

Re: OFT v Banks Judgment 25th November 2009 - 9.45am- Supreme Court - Test case

centium whats this committee meeting about?
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and is it going to have any effect on our campain against the banks?

[natweststaffmember]

Re: OFT v Banks Judgment 25th November 2009 - 9.45am- Supreme Court - Test case

David, read post 628

[davidl]

Re: OFT v Banks Judgment 25th November 2009 - 9.45am- Supreme Court - Test case

thanks natwest i already read that but i cant see how this will effect us in the slightest
as everyone knows already they run the bank charges like a cartel they all know they
are unfair and and dont reflect cost comeon even the supreme court knows this,
Thats why it baffles me to why the banks won surley the supreme court are just
delaying the inevitalbe for some reason or another...

[Amethyst]

Re: OFT v Banks Judgment 25th November 2009 - 9.45am- Supreme Court - Test case

He'll need to be a bit more careful on what he admits to this time

[PocketTheDifference]

Re: OFT v Banks Judgment 25th November 2009 - 9.45am- Supreme Court - Test case

so could this meeting help us in anyway realistically

[natweststaffmember]

Re: OFT v Banks Judgment 25th November 2009 - 9.45am- Supreme Court - Test case

so could this meeting help us in anyway realistically

Think Katie Price on "I'm a celebrity get me out of here!" then think banker with hot poker up the posterior with no get out clause then enjoy the show

[Centium5000]

Re: OFT v Banks Judgment 25th November 2009 - 9.45am- Supreme Court - Test case

Just getting a test card

I've reported it to the parliament.uk tech guys so hopefully they'll fix it:

Dear administrator,

Centium5000 left this feedback:
Area: recording
Subject: Test screen displaying on live feed
Feedback: Hi,

I'm currently trying to watch the live feed at http://www.parliamentlive.tv/Main/Pl...meetingId=5335 but I'm just getting a test card and a voice repeating 'Line4, The Wilson Room'.

Could you check whether this is a technical issue and whether it can be resolved please?

Many thanks for your help.
Error URL: http://www.parliament.uk/index.cfm

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Maybe the "hot poker up rectum" scene is not fit for public consumption? :-O

[natweststaffmember]

Re: OFT v Banks Judgment 25th November 2009 - 9.45am- Supreme Court - Test case

I have done the same centium.

[Centium5000]

Re: OFT v Banks Judgment 25th November 2009 - 9.45am- Supreme Court - Test case

Bingo! We have live feed of "I'm a banker, get me out of here!".

[natweststaffmember]

Re: OFT v Banks Judgment 25th November 2009 - 9.45am- Supreme Court - Test case

Player


In case you don't know

[Amethyst]

Re: OFT v Banks Judgment 25th November 2009 - 9.45am- Supreme Court - Test case

bahhh will sort out formatting later x

PreBudget Report 3.77 On 25 November, the Supreme Court ruled that the OFT could not assess the fairness


of bank charges for people who are overdrawn. The Government recognises that this

the banks needs to change in the future. The Government will work with consumer groups, the OFT and the banks in order to agree a new framework that will make bank charges fairer, simpler and more transparent in the future. The Government will take action to deliver change if a voluntary approach does not result in a fair outcome for consumers.of bank charges for people who are overdrawn. The Government recognises that this outcome was disappointing for many consumers and is clear that the charging structure of

[PocketTheDifference]

Re: OFT v Banks Judgment 25th November 2009 - 9.45am- Supreme Court - Test case

....? So if we have an overdraft what then, or is it OVERDRAWN like you've said, but still not comprehending what quite happens now SORRY GUYS :|

[Centium5000]

Re: OFT v Banks Judgment 25th November 2009 - 9.45am- Supreme Court - Test case

Implicitly, they appear to be saying "forget court, we'll let the banks sort themselves out and introduce legislation otherwise".

This is in keeping with the comments in Supreme Court judgement regarding "a matter for parliament".

My question would be: does this imply direction to the OFT not to look at charges retrospectively and do they have to follow this line?

Not retrospective = banks keep existing charges

Any new legislation couldn't be retrospective as the banks could then challenge it under the Human Rights Act.

Grrr!

Thing is, courts are still obliged to consider claims made on a valid legal basis under existing law.

Just feels like we are being steered away from this course of action.

Can't help thinking of this scenario: consumers win, banks owe £2+ billion in charges per year for 6+ years, don't have the funds to pay, government has to bail out, arg! economic crisis part 2.

Effectively, that kind of thinking means that however unfair the situation might be we daren't put things right.

That's politics for you.

[davidl]

Re: OFT v Banks Judgment 25th November 2009 - 9.45am- Supreme Court - Test case

Centium rbs can afford 1.5 billion in bonuses then they can afford this this whole situation is starting to smell corrupt.