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OFT reply to banks defence


shazzaW
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Interesting!

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Bit of a bummer the findings are not going to be published, but from my readings of the counter claim at least the OFT seem to be doing a good job and have all angles covered. So at leat they are getting one thing right!!

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It nows seems that the OFT have made another complete u-turn on the issue of are penaltie fees for a sevice.

 

Just a month of so ago Cavendish Elithorne said of the issue ''Banks claim that these charges are a fee for a service and in most cases we would agree with them''.

 

Now the OFT seems to think otherwise ''I believe none of the charges applied when customers go overdrawn constitute a service''.

 

 

BBC NEWS | Business | OFT rejects banks' charges claim

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Pages 28 and 33 are missing from the document.

 

Missing Annex G1 and G2.

 

Also missing the individual responses to banks, referred to as schedule 1-8 in sections 1.1-1.8.

 

Wonder what's in the missing parts?

 

For the most part, what is there sounds good to me.

 

Edit: Looks like the two missing pages have now been added. Still missing the other parts though.

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----- Original Message ----- From: Kate Farrow

To: crfx

Sent: Friday, November 16, 2007 2:46 PM

Subject: Publication of Banks Defences

 

 

 

Dear crfx

 

 

On Tuesday 20 November, we are currently intending to publish the banks defences in the forthcoming test case. This document will be available to download from the OFT website - www.oft.gov.uk.

 

 

Kind regards

 

Kate

Kate Farrow | Retail Banking Team| Office of Fair Trading

Fleetbank House | 2-6 Salisbury Square | London EC4Y 8JX | T: 020 7211 8816 |F: 020 7211 8819

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