penalty charges are illegal end off . so by them bringing down there charges is like saying guilty as charged

ok here is the ponit i just dont understand from all theses bank charges and the test case the banks say they are chargeing you because that is what it cost them therefore it is not a penalty charge ? well if that is the case then why is that Last year the top six High Street banks in the UK made an estimated £4.5bn from penalty charges if its just a charge then they should not be making anythink at all form them .

thats the banks putting there spin on it .. but dont worrie it can be hit from anouther part

this was taken from there web site Lloyds TSB - Answers to questions on bank charges

key part We be asking the County and Sheriff Courts to apply the Supreme Court judgment to dismiss any claims they currently have on hold

HOT NEWS JUST IN FROM LLOYDS Summary of Supreme Court Judgment On 25 November 2009 the Supreme Court said that the level of unarranged overdraft charges is not assessable for fairness under the Unfair Terms in Consumer Contracts Regulations. This means the banks have won their appeal and the test case has concluded. This is a final judgment from the Supreme Court as they have decided it is not necessary and/or not in the public interest to make any reference to the European Court of Justice. Q: What does this mean? The Supreme Court decided that an unarranged overdraft charge is a key part of a current account. This means that where the charges are explained in clear language, under consumer fairness legislation, the level of an unarranged overdraft charge can’t be challenged to see if it’s fair or not. Q: What happens next? While the Supreme Court judgment was a win for the banks, we acknowledge the concerns some of our customers have with these charges. We will work with the Financial Services Authority (FSA) to ensure the outstanding customer complaints are brought to a swift conclusion. We will also continue to work with the Office of Fair Trading (OFT) to agree a positive way forward. Q: What does this mean for customers who have complaints about unarranged overdrafts on hold? During the test case, we agreed with the FSA and the Financial Ombudsman Service (FOS) that customer complaints relating to unarranged overdraft charges would remain on hold. As the judgment concludes the test case, the FSA has agreed that these complaints should no longer remain on hold. This means that for those customers who currently have an outstanding complaint about unarranged overdrafts, we’ll be writing to them shortly to let them know what today’s judgment means for them. We be asking the County and Sheriff Courts to apply the Supreme Court judgment to dismiss any claims they currently have on hold. Q: What will happen to new customer complaints about unarranged overdraft charges? As this judgment concludes the test case, the FSA has agreed that the waiver on bank charges complaint handling should be lifted. This means we will handle complaints through our standard process. We will continue to treat customers sympathetically who are vulnerable and in financial hardship. Q: Can I complain to the Financial Ombudsman Service (FOS) about my unarranged overdraft charges? Yes. Where a customer’s complaint is not accepted by a bank, the customer has the right to take their complaint to the FOS. Q: How can customers avoid unarranged overdraft charges? We continue to provide our customers with the products and services to help them avoid unarranged overdraft charges. Find out more in Managing your overdrafts. Where can I find more information?

keep an eye out for the goodwill gesture letters over the next 3 weeks

give it a day or 2 . let the dust settel then all will become clear to what and how

dont bother .. just make your claim as norm the stays are no longer in place . you can still claim back your charges

(FSA) can confirm that its waiver has now lapsed.

In light of the Supreme Court’s judgment today in the bank charges test case the Financial Services Authority (FSA) can confirm that its waiver has now lapsed. The waiver was granted during the test case so that firms did not have to deal with complaints about unauthorised overdraft charges in the eight-week-period required under FSA rules while the outcome of the court case remained unclear. Firms can now resume processing consumers’ complaints in accordance with the FSA’s complaint handling rules.

when you read into it ..the H.O.L are saying that they understand the Argerment. its just that the OFT havnt made a good case for it ,

that only adds to what a mess the OFT have made . and i guess the H.O.L are saying that in short

25 November 2009 In light of the Supreme Court’s judgment today in the bank charges test case the Financial Services Authority (FSA) can confirm that its waiver has now lapsed. The waiver was granted during the test case so that firms did not have to deal with complaints about unauthorised overdraft charges in the eight-week-period required under FSA rules while the outcome of the court case remained unclear. Firms can now resume processing consumers’ complaints in accordance with the FSA’s complaint handling rules.

yep all this has done is to put things back to july 2007 before the test case . it has just given the banks 2 and a half years grace