Saturday April 26, 2008
Bank charges challenge gets go ahead
PA
Charges levied by banks for unauthorised overdrafts are subject to regulation by the Office of Fair Trading under "unfair contract" rules, the High Court ruled today.
The decision paves the way for a further hearing in which the court will decide whether the charges are unfair and, if so, what a fair charge should be.
Mr Justice Andrew Smith stressed that his decision today did not mean that the terms imposed on customers by the banks were necessarily to be regarded as unfair under the 1999 Unfair Terms in Consumer Contracts Regulations (UTCCR), or that they were not binding on consumers.
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Posted in: by bubblejam at 03:55 PM | Comments (0) | Email This Entry