OFT test case- BBC News Day 2

[Nattie]

http://news.bbc.co.uk/1/hi/business/7196736.stm

Lawrence Rabinowitz QC argued that the overdraft charges were part of the bundle of current account services. He claimed that customers liked that kind of business model.

[Helford]

Re: OFT test case- BBC News Day 2

Natty .....and the moon is made of cheese!

H

[Nattie]

Re: OFT test case- BBC News Day 2

Well, I can see what he is saying. To translate: if the status quo works and customers in credit aren't complaining why change it?

[TANZARELLI]

Re: OFT test case- BBC News Day 2

As I posted on another thread if they were more realistic and proportionate I wouldn't have a problem with charges. But they aren't and therefore they are disproportionate penalties.

Meaning unfair, unrealistic pure profit making vehicles.