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

[Tools]

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

To provide the same access to justice, we'd either need a court appointed advocate or our legal counsel paid for surely?

Consumer Advocate Position

[michael]

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

According to MSE OFT will be making an announcement on Tuesday at 7am:
OFT sets date for announcement on its next bank charges move - MoneySavingExpert News

[Amethyst]

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

pmsl didnt take long

[EXC]

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

According to MSE OFT will be making an announcement on Tuesday at 7am:
OFT sets date for announcement on its next bank charges move - MoneySavingExpert News

I sincerely hope that MSE obtained the OFT's express permission to disclose the time & date.

[Centium5000]

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

I sincerely hope that MSE obtained the OFT's express permission to disclose the time & date.

I can see it now...

"Oh no, the share price is down, the bank's ability to lend has dropped as per Basel II. Get the torts lawyer on the phone - that Martin Lewis had better have a good QC!"

Chuckle!

[michael]

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

I sincerely hope that MSE obtained the OFT's express permission to disclose the time & date.

I hope Bankwhacker did on Penalty Charges

[EXC]

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

Well this is a real stab in the dark but it may be that his QC knows a bit about the need to refrain from disclosing sensitive information. But it's only a guess mind.
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I hope Bankwhacker did on Penalty Charges

To be fair the news is out isn't it?

[Amethyst]

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

To be fair the OFT didnt say it has to stay confidential just that its market sensitive. They didnt tell us untill after close of trading today for a reason, even tho sarah mccarthy let the cat out the bag on wednesday as to the 22nd being the date.
I also think we acted correctly not diclosing the time of the announcement without checking first as that part seems quite important and has been subject of much discussion between government, fsa, oft etc.

[Centium5000]

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

I'm sure you're right EXC, I was just wondering whether MSE had time to consult him before the announcement..?

Was just kidding guys.

[EXC]

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

To be clear when the OFT informed us of the date we asked, amongst other things, if the date was embargoed. In further communication they didn't respond to our embargo query and we didn't want to hassle them further about it.

Not being absolutely sure we decided to err on the side of caution and not disclose it until someone else made it public. And that's exactly what we did.

[natweststaffmember]

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

To be fair the OFT didnt say it has to stay confidential just that its market sensitive. They didnt tell us untill after close of trading today for a reason, even tho sarah mccarthy let the cat out the bag on wednesday as to the 22nd being the date.
I also think we acted correctly not diclosing the time of the announcement without checking first as that part seems quite important and has been subject of much discussion between government, fsa, oft etc.

Am I still on text alerts?

[Amethyst]

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

Aye babe, will let you know

[natweststaffmember]

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

Under CCA s.140 arguments does the same rule as UTCCR 1999 still apply ie term is unenforceable in its entirety?

[PocketTheDifference]

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

Not to get ahead of myself but If the OFT decide not to act again what would this lead to....Im suuuure you have a little clue as to which way they are swaying...;p?

[davidl]

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

well prob mse getting new template letters out everyone claiming the banks not knowing what to do going to the oft and then a new test case so really the oft should continue as they are going to be forced to at some point of another.