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Re: Reclaim Your Bank And Card Charges
Quote:
Originally Posted by Mick Fisher
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.
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