Stays

[charleyfarley]

From my reading of threads, notably in the Abbey forum, it would appear that Judges are using stays as a more frequent tool as they can see that the Banks are settling out of court anyway.

Can I suggest that we look at our tactics slightly to take account of this, and suggest a negotiating stance for the claimant to adopt with the Banks, which if the Bank still prove intransigent then it strengthens the claimants argument to have the stay lifted. Otherwise it's just another delaying tactic favouring the Bank.

I've tried to read up on threads on stays but for example the sticky in the mercantile thread is six months old now.

[jules1973]

received a letter from Southend to say that all bank charges claims at southend are being held until the outcome of the test case.

[sergeant514]

It appears that the Mold (North Wales) courts are applying stays, mine arrived this week.

Serge

[mailmannz]

The thing that really gets my goat about these stays is that Banks are still allowed to levy charges against our accounts!

That seems completely and utterly unfair. If banks are railroading stays through the courts then surely the courts should be directing the banks that they are to stop charging fees against all accounts they have received complaints for.

Mailman

[toneighty170]

Originally Posted by mailmannz

The thing that really gets my goat about these stays is that Banks are still allowed to levy charges against our accounts!

That seems completely and utterly unfair. If banks are railroading stays through the courts then surely the courts should be directing the banks that they are to stop charging fees against all accounts they have received complaints for.

Mailman

Say thanks to the FSA. I thought the FSA was funded by Tax Payer but just discovered that

"The FSA is accountable to Treasury Ministers, and through them to Parliament. It is operationally independent of Government and is funded entirely by the firms it regulates."