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OFT Test Case Updates and Discussion This is the place to post any updates on the OFT v Banks Test Case, or to discuss issues relating to this case.

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Old 14th August 2008, 17:45   #1 (permalink)
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Default OFT Bank Charges Q&A Update 14/08/08

http://www.oft.gov.uk/shared_oft/per...ksqa140808.pdf
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Old 18th August 2008, 23:37   #2 (permalink)
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Default Re: OFT Bank Charges Q&A Update 14/08/08

thanks for the update .... roll on 2009
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Old 19th August 2008, 22:46   #3 (permalink)
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Default Re: OFT Bank Charges Q&A Update 14/08/08

Michael I read this and there was a part about charges for minors. Correct me if I am wrong, but I have never read the argument that the Credit Consumer Act which states that credit cannot be given to minors was ever mentioned by the oft(for reference Q4). That is very poor.
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Old 23rd August 2008, 22:35   #4 (permalink)
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Default Re: OFT Bank Charges Q&A Update 14/08/08

good read
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Old 24th August 2008, 13:52   #5 (permalink)
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Default Re: OFT Bank Charges Q&A Update 14/08/08

Does;

Quote:
Wrote to banks with provisional views on fairness
And;

Quote:
Depends on outcome of investigation & banks engagement
Mean that if the Banks agree with the OFT on the issue of fairness (and, presumably, the OFT's recommendations to make the system fairer for consumers) that a deal will be done "behind closed doors" and we will only see the fallout?

Also, if the Banks don't agree with the OFT (or their recommendations, if they have made them) what is the point of muddying the waters by issuing this timelime that suggests a deal is about to be done, exactly?

By the way, I have read point 6, but I'm suspicious and don't believe what has been said is right, which is why I'm asking the question here.
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Last edited by car2403; 24th August 2008 at 13:57.
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Old 24th August 2008, 14:36   #6 (permalink)
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Default Re: OFT Bank Charges Q&A Update 14/08/08

Quote:
Originally Posted by car2403 View Post

Also, if the Banks don't agree with the OFT (or their recommendations, if they have made them) what is the point of muddying the waters by issuing this timelime that suggests a deal is about to be done, exactly?
Timelines can be changed.
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Old 27th August 2008, 21:27   #7 (permalink)
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Default Re: OFT Bank Charges Q&A Update 14/08/08

I was wondering if this drags on any longer could they not make an application the European Court Of Human Rights for taking so long????

They say reasonable time .. what whats reasonable?????
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Old 27th August 2008, 21:38   #8 (permalink)
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Default Re: OFT Bank Charges Q&A Update 14/08/08

Nope.
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Old 28th August 2008, 21:36   #9 (permalink)
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Default Re: OFT Bank Charges Q&A Update 14/08/08

why is that I wonder?
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