OFT v Banks - Round One to OFT

[patrickq1]

i wrote this to the oft before they began their actios still have not had a reply i wonder why
patrickq1
its probably a bit mixed up but i meant well lol
peabrain me as usual my rant to goverment bodies
absolutely scandalous i have now written to my MP and i am demanding an investigation into your department,your reply and threat of cost if a judicial enquiry is now open to questions you have verifiably made false statements on material matters you are being asked by more than 200,000 people and every one of them shall now be demanding a very serious enquiry into your departments conduct..it is like .you have not yet , not once told the banks to stop all unlawfull charges whilst the debts are in dispute...i beleive your department is full of ex finance directors and ex bank staff ex directors of banking departments .this being the case is also open to serious questions with regards to your loyalties is your thinking either lawful and truthfull or what ! this is open to question,
it is a scandal and threatening to say that all cost will be sought if a judicial enquiry is asked for,i for one shall be paying monies into a fighting fund for this reason alone,your department has already been found wanting and a case of mal administration will be instigated against you dept,i am so angry that you could not even be totally honest you have made Statements of interpretation of facts , what happened to TRANSPARENCEY with this case against the banks/finance,,this has also come from the PRIME MINISTER OFFICE ,even the THE RIGHT HONOURABLE PRIME MINISTER BELEIVES THAT YOU ARE LOOKING FOR TRANSPARENCEY,you seem to have forgotten what this word means let alone it exists ,and as for your comment that you have been investigating the banks since may 2006 ,which banks was it a PIGGY BANK ,and why on earth have you not already hired a professional company to calculate the way bank charges are made,when considering a 18 year old university student came onto the consumer action group and worked out as best he could how the banks equate figures and you as a proffesional body have nt even done this and you are thinking of going to court..you are negligent in this also..your spin and ambigious remarks leave everyone to conclude that your department have and are negligent with the truth,your Directors and staff should all resign in the interest of JUSTICE .i am also writing to the UE COMMISSION and are going to demand that they make enquiries into your behaviour along with our suspicions with regards to your actions to date

[dave]

The OFT rarely reply - and if they do, they either misunderstand the questions, or deliberately skirt them.

I have had no direct answers to the many, many emails and letters I have sent to them. I gave up some time ago (and I'm sure a certain predictable person will have something to say about that).

[noomill060]

http://www.consumeractiongroup.co.uk...gment-due.html

Bit of a coincidence this being announced the same day that the govt paid out £50bn to the banks-especially as it was previously announced that we would have to wait until July for the judgement.....

[noomill060]

Oh yeah- the banks had a nice little chat with Gordon Blair errrr.... I mean Brown, t'other day as well...

[noomill060]

Call me a cynical old Hector, but...

[noomill060]

...I think the bank charges test case may have been mentioned over the Earl Grey and Battenburg cake...

[photoman]

A bit off topic here.... but as this thread is probably being eagerly watched by many waiting to start claims, probably a good place to mention it.

I just wanted to say that I've just clicked on and taken a look at the Interest Tutorial document in Steven4064' s signature, and was very impressed (great work Steven)

For anyone who is confused or needs help with all the various aspects of interest; ie. figuring out what is meant by and how to calculate interest debited due to charges, statutory interest, contractual interest, APR, EAR, simple and compound interest etc, and so therefore what interest you can claim back, how to calculate it, and then what you yourself can charge etc then I encourage you to click on it and take a look.
It's a good easy to understand guide, and will save you lots of time searching, posting and also save you from getting frustrated or confused by receiving conflicting or confusing advise from other (well meaning) CAG members (or no replies at all).

It'll also save mods and site helpers etc from posting up the same answers repeatedly.

So to anyone seeking enlightenment, and who just thought that peoples signatures were just pretty flashy adornments, think again, and do click.

[dad]

Thought:

If the judgement is to be handed down on Thursday, then it is almost certain that the Banks lawyers have seen it already. I wonder if that contributed to the general tanking of bank shares yesterday?

just a thought

Dad

[citizenB]

Thanks for pointing that out photoman. Will have a good read of that later on.

[Castlebest]

Originally Posted by dad

Thought:

If the judgement is to be handed down on Thursday, then it is almost certain that the Banks lawyers have seen it already. I wonder if that contributed to the general tanking of bank shares yesterday?

just a thought

Dad

Your not suggesting that the banks old boy network would resort to insider dealing on the stock exchange are you?

[brown1950]

Yes it was agreed the Banks would be given advance warning of the Judge's decision.

[noomill060]

Gentlemen- start your engines...

[fergal71]

2 days ago I had a direct debit paid out of my account without any funds in.... guess what no £39 charge... I called and asked why I wasn't charged you should have heard the lady on the phone she was very confused and thought I was asking to be charged..... she then put me through to somebody very quickly who never really gave me much of an answer... bearing in mind I am waiting for approx £300 of same charges from same account to be returned pending the case result..... I asked had they received the decision ..... she said no.

I dont like reading into things but it does appear the banks are back tracking rapidly and staff havent got all the answers just yet...... roll on thursday .....

anyone who works for the banks have any insider info???????????????

[JonCris]

Originally Posted by patrickq1

this wont happen for the simple fact is the goverment have already made a decision to remove the Freedom of Information Act ACT concerning NORTHERN ROCK and its data as being sensitive information,this will also effect the banks ALL BANKS from revealing sensitive information and since the GOVERMENT DECIDED TO CHANGE THE LAW this will set a precedent concerning the bank providing data in how they arrive at the charges,this has happened right under our noses and without so much as a whimper from joe public

imho
patrickq1

Good.......no info........they want to hide behind the Freedom of Information Act exemption.......then I'm gonna re-claim a squillion quid & let them prove different............esti mated you understand

Seriously the only reason the Government would want to exempt NR is because it's a nationalised company those that aren't, like the other banks, ain't subject to the Freedom of Information Act

[car2403]

This is from MSE's weekly email;

Bank Charges Result Thurs & 2,000,000 Thanks!

Bank Charges Test Case Result Due This Thur 24 April. The result of the Office of Fair Trading and Banks' court case will be handed down on Thurs. This will answer whether it’s possible bank charges can be unlawful under unfair contractual terms rules. If they can, the OFT must then say whether they are unlawful, which it’s likely to do.

I thought this wasn't a foregone conclusion, though?

Can we make £2million in the next 24 hours? I'm off to the bar! (Maybe)

[patrickq1]

GOVERMENT DECIDED TO CHANGE THE LAW
yes jon without legislation,well looks like the select committee are again coming back to this and also the transparancey they will from what i can gather be looking at more data from NORTHERN ROCK and just what was involved and the letters that the fsa knew about a crisis long before it hit the fan as did BoE and MR BROWN ,so he may have to face the select committee to explain this ,if it does happen it will be unprecedented,so i await the select commottee report on this ,as for banks i beleive they get the deciscion today as being the advance notice prommised so by this eve we may get to hear rumors but as we all know not to be beleived until we see it all in print and again their will be an appeal proccess so it ai