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I've been searching the site, looking for the latest news re the oft test case, but cannot find anything. I had 17 January in my mind - am I imagining that or is something happening on that day??
Halifax - £2281, successfully refunded all charges after LBA letter & telephone call.
Have been offered the difference between the £20 and £12 charges from Capital One -- am sending LBA for remainder.
GE Money - Received settlement of £441, being total charges requested. No interest though.
CCA'd Bank of Scotland / Blair Oliver Scott to produce CCA Agreements on two Credit Cards - well in default, although still chasing payment!!!
EOS Solutions "ceased action on account" on behalf of a friend.
All in all, quite busy at the moment and enjoying every minute of it
The fsa waiver to the banks expires on 26 January there will be a certain amount of pressure to have the Test Case appeal results in by then.
Also we are still waiting for the final bit from Judge Andrew Smith re the requested statement from the Court that "Charges can not be tested as penalties" the only Bank who seemed to be struggling to get this pronouncement is RBS-NatWest..bless em!
'I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.'
Thomas Jefferson 1802
I don't know where I got the 17th from (probably someone's birthday that I should remember ).
Poor old Natwest don't seem to be getting much right at the minute - they're really struggling with my Subject access request !!!
Thanks again. jaxads
jaxads
Halifax - £2281, successfully refunded all charges after LBA letter & telephone call.
Have been offered the difference between the £20 and £12 charges from Capital One -- am sending LBA for remainder.
GE Money - Received settlement of £441, being total charges requested. No interest though.
CCA'd Bank of Scotland / Blair Oliver Scott to produce CCA Agreements on two Credit Cards - well in default, although still chasing payment!!!
EOS Solutions "ceased action on account" on behalf of a friend.
All in all, quite busy at the moment and enjoying every minute of it
I was thinking the exact same thing the other day, I was searching the web for updates or anything regards the test case and ZIPPO!!
No speculation on a result or even what the outcome may be.
Maybe a few senario's from the resident experts would be good (just an idea)
I did notice on LB the general overview is the stay will be extended .
Does anyone have the inside track on this, there must be thousands of us holding our breath waiting for any news.
The FSA waiver to the banks expires on 26 January there will be a certain amount of pressure to have the Test Case appeal results in by then.
Also we are still waiting for the final bit from Judge Andrew Smith re the requested statement from the Court that "Charges can not be tested as penalties" the only Bank who seemed to be struggling to get this pronouncement is RBS-NatWest..bless em!
I am sorry but the Test Case Appeals determines the FSA Waiver and NOT the other way around. the waiver is in place until the conclusion of the OFT test case is concluded. I doubt a final final resolution to this will happen before the start of 2010(in my opinion). More pressure DOES need to be put on the FSA around the actual renewal of the waiver.
I agree, however the result of the bank appeal is expected in January and also RBS Court declaration on charges as penalties is out standing,Judge Smith also indicated that he would attempt to have the matter resolved before Christmas so it’s due.
CONSPIROSY THEORY
If I were a banker with a blank cheque with love from Gordon sitting on the board room table I would seize the opportunity to clear the decks (with a little help from the uk tax payer) write down the debt and start over with a clean sheet.
I am not a banker..but here's hoping!
'I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.'
Thomas Jefferson 1802
CONSPIROSY THEORY
If I were a banker with a blank cheque with love from Gordon sitting on the board room table I would seize the opportunity to clear the decks (with a little help from the uk tax payer) write down the debt and start over with a clean sheet.
If I was a banker whose bank was 60% owned by the govt - I would be pressuring the government to legislate this out of existance.
I would suspect that we will se legislation to limit the refunds of PPI Charges and also to address the unenforceable loan issue.
Opinions are offered in good faith based upon personal experience and research. Before making any irreversible decisions the opinion of a qualified, registered and insured legal professional should be sought.
If my advice or information has assisted you in any way - please click my scales.
thanks
[COLOR=red]Nat West Charges £1056 [B]WON[/B][/COLOR]
[COLOR=#ff0000]RBS Charges £3600 [B]WON[/B][/COLOR]
[COLOR=#ff0000]RBS Unenforceable Loan £18500 [B]Pending[/B][/COLOR]
[COLOR=#ff0000]RBS PPI on loan above [B]Pending[/B][/COLOR]
[COLOR=red]MBNA Credit Card [B]CCA & SAR Sent[/B][/COLOR]
[COLOR=#ff0000]Co-op Credit Card [B]CCA Sent[/B][/COLOR]
I’m no expert on this but I think we are in for the long haul with these whole bank charges.
My theory is the banks will loose, but not totally. I think it will go down the same road as the credit cards, they will refund the difference between what is considered fair and what has been charged.
The claiming of PPI has suddenly become a bit more difficult, companies are more willing to take you to task rather than rolling over and paying out. I’m experiencing this now with my own claim.
The unenforceable CCA agreements will defiantly be the next "big" thing that could potentially have bigger consequence than PPI and bank charges combined. What if companies decide to start checking CCA's. Again my own theory.
I just wished the waiting was over so I knew what direction to take. I have the letters sitting on my PC just waiting to be printed and sent.
I heard a story at a drinks party over Xmas that a senior compliance staff at Barclays decided to leave the banking industry and start his own Claims Management Company. Why on earth would somebody want to do that? !
Barclays had an online loan which had a compulsory ppi "option" (yes I Know) rather than them putting their hands up and sending all applicants their PPI payments back they are refunding on application as they admit they could not possibly have carried out any suitability test.
But dont tell anyone its a secret!
Problem is getting information like this to the public and showing up the banks for what they really are.
'I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.'
Thomas Jefferson 1802
COMMERCIAL COURT LIST COURT 76 Before MR JUSTICE ANDREW SMITH
Wednesday 21 January 2009
At 10:00
FOR JUDGMENT 2007-1186 Office of Fair Trading v Abbey National PLC
SHAZZAW POSTED ON THE LB SITE
COURT 76
Before MR JUSTICE ANDREW SMITH
Wednesday 21 January 2009
At 10:00
FOR JUDGMENT
2007-1186 Office of Fair Trading v Abbey National PLC
I believe this to be the announcement re NatWests charges being able to be tested as a penalty.
STAND BY FOR THE FIREWORKS IF THEY DONT GET IT!
'I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.'
Thomas Jefferson 1802
Halifax - £2281, successfully refunded all charges after LBA letter & telephone call.
Have been offered the difference between the £20 and £12 charges from Capital One -- am sending LBA for remainder.
GE Money - Received settlement of £441, being total charges requested. No interest though.
CCA'd Bank of Scotland / Blair Oliver Scott to produce CCA Agreements on two Credit Cards - well in default, although still chasing payment!!!
EOS Solutions "ceased action on account" on behalf of a friend.
All in all, quite busy at the moment and enjoying every minute of it
'I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.'
Thomas Jefferson 1802
COMMERCIAL COURT LIST COURT 76 Before MR JUSTICE ANDREW SMITH Wednesday 21 January 2009 At 10:00 FOR JUDGMENT
2007-1186 Office of Fair Trading v Abbey National PLC
SHAZZAW POSTED ON THE LB SITE
OFT have confirmed that this is the handing down of judgement on what was left over from the declarations sought by the banks on whether their charges could be tested as penalties.
Natwest & Abbey needed to make further representation.
On the bright side the most RBS/NatWest share price is likely to drop on bad news is 10.5p. Cheer up Fred the Shread !
'I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.'
Thomas Jefferson 1802
Oft Test Case - Next Important Date?
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Originally Posted by SPROUTY
Re: Oft Test Case - Next Important Date?
Re: Oft Test Case - Next Important Date?
