RSS Press feeds OFT TEST CASE

[Legal Beagles]

High Street banks claimed yesterday that overdraft charges which rake in billions of pounds a year are not subject to normal 'fairness' rules. In the first day of a long-awaited legal battle, the banks insisted they have the right to charge the fees that can be as high as £38 even if a customer has slipped only a few pence into the red

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[Legal Beagles]

Overdraft fees 'core' to banking

Unauthorised overdraft charges are central to the way current accounts work, the High Court is told.

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[Legal Beagles]

Bank-charges-case-could-be-heads-I-win-tails-you-lose-for-the-consumer

Bank charges case could be heads I win tails you lose for the consumer

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[Legal Beagles]

OFT's bank charges case 'flawed'

Arguments put forward by the Office of Fair Trading have "several flaws", the High Court is told.

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[Shazzaw]

Re: OFT's bank charges case 'flawed'

Absolute classic from today


""Mr Vos also denied another line of attack put forward by the OFT.
The regulator believes that as well as breaching the 1999 consumer contract regulations, overdraft charges are also unfair penalties under common law.
"The penalty doctrine cannot apply as there is no breach in our contract," he said.
'Googly'
At this point, Mr Brian Doctor QC, acting for the OFT, read out a clause from an explanatory leaflet published by Nationwide.
This said precisely the opposite - that customers who went overdrawn were indeed in breach of their contracts.
Mr Vos admitted this was a "googly" and one of the OFT's "best forensic points". - LOL!!!!!!!!!!!!But he dismissed the issue by saying that the leaflet Mr Doctor quoted was simply wrong.

[Nattie]

Re: OFT's bank charges case 'flawed'

I think we will see if it is indeed a googly as the evidence will be available to the Judge to see for himself. Very Interesting.

[Legal Beagles]

Unfair bank charges case continues into third week

The High Court test case into unfair bank charges today enters its third week.

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[Legal Beagles]

OFT accuses banks over charges

Banks use a "strange language" to pretend their overdraft charges are fair, the High Court hears.

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[Legal Beagles]

Redrafted bank contracts slammed

Banks are "playing with words" to try to avoid consumer regulations, the High Court hears.

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[Legal Beagles]

Banks 'try to dodge regulations'

Banks are "playing with words" to try to avoid consumer regulations, the High Court hears.

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[Legal Beagles]

Banks' 'self-serving propaganda'

Banks fail to tell their customers exactly what their overdraft charges are for, says the OFT

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