Customers in line for Ł1billion payout as banks lose key test case over 'unfair' over

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Customers in line for Ł1billion payout as banks lose key test case over 'unfair' over

24th April 2008, 15:30:PM

Millions of customers are in line for substantial refunds after Britain's biggest banks today lost a landmark case over unauthorised overdraft charges. The Office of Fair Trading will now be allowed to decide whether it was unfair that banks charge borrowers fees of up to Ł39 for exceeding overdrafts. Mr Justice Andrew Smith ruled the OFT can apply consumer contract regulations to decide if bank overdraft charges are unfair

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Tags: britain, charges, consumer, contract, customers, justice, oft, overdraft, payout, regulations, test case, unauthorised

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Customers in line for Ł1billion payout as banks lose key test case over 'unfair' over

Customers in line for Ł1billion payout as banks lose key test case over 'unfair' over

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