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-   -   Reclaim Your Bank And Card Charges (https://www.cableforum.uk/board/showthread.php?t=47635)

Osem 25-11-2009 10:00
Banks WIN charges case!!!
 
Yes it's true! I know I'm being cynical but I wonder if HMG's ownership of many of the biggest has anything to do with this. They'll be wanting our money back as soon as possible after all...

http://news.bbc.co.uk/1/hi/business/8376906.stm

martyh 25-11-2009 10:32
Re: Reclaim Your Bank And Card Charges
 
was it ever going to go any other way? and yes Osem i think HMG had a lot to do with it .Maybe a couple of years ago we would have had a different result but now ...never ,having said that i think Chris is right the OFT will get them eventually .
What about those who got the charges back will they have to repay or have they been lucky ?

Russ 25-11-2009 10:36
Re: Reclaim Your Bank And Card Charges
 
On the upside it means an end to these unsolicited phone calls I used to get from companies offering to reclaim my charges. Guess they'll go back to asking if I've had any accidents or injuries in the last 3 years.

Ravenheart 25-11-2009 12:50
Re: Reclaim Your Bank And Card Charges
 
Quote:
Originally Posted by martyh (Post 34915344)
was it ever going to go any other way? and yes Osem i think HMG had a lot to do with it .Maybe a couple of years ago we would have had a different result but now ...never ,having said that i think Chris is right the OFT will get them eventually .
What about those who got the charges back will they have to repay or have they been lucky ?
I don't think they can get them back from those they've already paid out

Martin Lewis has posted

Quote:
"Those consumers who already got money back needn't worry – the money already given back was technically a 'goodwill gesture' and therefore the banks cannot ask for it back.
http://www.moneysavingexpert.com/new...nks-win-appeal

I do think today's decision is political, but people have no faith in the banking system as it is, and this will do nothing to improve things.

Mick Fisher 25-11-2009 16:21
Re: Reclaim Your Bank And Card Charges
 
Just to proliferate the "Treasure Island", "Rip-Off Britain" status, Supreme Court decrees that Banks can charge the Hoy Paloy anything they like.

Were we fools to expect any other decision? I think we were going on past experiences. :(

Hugh 25-11-2009 16:36
Re: Reclaim Your Bank And Card Charges
 
Quote:
Originally Posted by Mick Fisher (Post 34915535)
Just to proliferate the "Treasure Island", "Rip-Off Britain" status, Supreme Court decrees that Banks can charge the Hoy Paloy anything they like.

Were we fools to expect any other decision? I think we were going on past experiences. :(
But no.

From the OP link
Quote:
In explaining his ruling, the Supreme Court's president Lord Phillips said that bank customers agreed to pay overdraft charges as part of the price of having a current account, so they fell outside the scope of the 1999 consumer contract regulations.
But Lord Phillips added that this was not the end of the matter as the OFT could still try to scrutinise bank charges under other parts of the regulations.
"This will not close the door on the OFT's investigations and may well not resolve the myriad cases that are currently stayed [put on hold] in which customers have challenged the relevant charges," he told the court.

BenMcr 25-11-2009 16:41
Re: Reclaim Your Bank And Card Charges
 
Quote:
Originally Posted by Russ (Post 34915345)
On the upside it means an end to these unsolicited phone calls I used to get from companies offering to reclaim my charges. Guess they'll go back to asking if I've had any accidents or injuries in the last 3 years.
They've still got the Payment protection claims

Sirius 25-11-2009 17:05
Re: Reclaim Your Bank And Card Charges
 
Quote:
Originally Posted by BenMcr (Post 34915543)
They've still got the Payment protection claims
Indeed i have 2 different sets of solicitors after me because i have one they can help me claim on and boy do i know it :)

joglynne 25-11-2009 17:19
Re: Reclaim Your Bank And Card Charges
 
Martin Lewis has posted some more information which I think anyone who is hoping for a refund should read.

http://www.moneysavingexpert.com/new...for-reclaimers.

Drawing attention to the Judge's final statement ML says:-

Quote:
"It wasn’t a loss, the OFT fought on the wrong clause. The initial shock reaction by the crowd in the court, thinking that the banks had won, obscured what was perhaps the most important part of the Judge’s final statement, that ‘the OFT may be able to look at fairness by another route’.

"The fact that this was deemed important enough to be said in his very short verbal statement is of great significance. After analysis of the report it reveals the court’s coded message to the OFT was ‘you took this case on too narrow a legal basis – you would have a much better chance with clause 5 not clause 6’.

Maggy 25-11-2009 22:33
Re: Reclaim Your Bank And Card Charges
 
Banks always win..I never thought there was a snowball's chance in hell that the consumer would win in this or any other case against the banks.:rolleyes:

Mick Fisher 26-11-2009 03:30
Re: Reclaim Your Bank And Card Charges
 
One way or another The Banks now control just about all our money and so can and are effectively calling the shots.

Just another result of a weak PM and a weak Government that shyed away from financial regulation when it would have made a difference.

Will21st 30-11-2009 22:43
Re: Reclaim Your Bank And Card Charges
 
please go to penaltycharges.co.uk for further instructions regarding the test case.People,this ain't over yet.Anyone who has a court case pending needs to act NOW!!!

arcamalpha2004 13-12-2009 08:44
Re: Reclaim Your Bank And Card Charges
 
Quote:
Originally Posted by Maggy J (Post 34915741)
Banks always win..I never thought there was a snowball's chance in hell that the consumer would win in this or any other case against the banks.:rolleyes:
I read what you say Mags, but if people roll their sleeves up, and they have credit card/loan agreements pre 2007 and the companies cannot supply the copy of the original cca agreement the companies are stuffed, all they can do is huff and puff about wanting their money back, if same companies are daft enough to follow through to court, without providing the customer with required papers it is all downhill for the companies involved.
So Banks do not always win ;)

TheDaddy 21-12-2009 16:34
Re: Reclaim Your Bank And Card Charges
 
OFT drops further cases

http://news.sky.com/skynews/Home/Bus...Overdraft_Fees

martyh 21-12-2009 16:43
Re: Reclaim Your Bank And Card Charges
 
since the gov owns the controlling shares of alot of the banks now especially the biggest offender RBS can't they do something ,i notice RBS's charges hav'nt gone down


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