Changing the names of their Charges

[DavyM]

I had a letter containg leaflets (x4) from the Clydesdale Bank to tell me they have given new names to the charges that are being challenged in court.

 

What used to "Unauthorised Overdraft Charge" has now been renamed to "Unplanned Borrowing Fee". The other charges like refused direct debit and charges for bounced cheques have been renamed in a similar way.

 

Am I nuts when I think it seems like they are positioning themselves for a defence in court next year, claiming the Penalty Charges are Service Fees. Surely they don't believe changing the names will make any difference?

 

Have any other banks done this yet?

 

Let us know please.

[dave]

If they do believe it, they either know the judge, or are clutching at straws.

 

Any judge worth his salt would see straight though it; it's known as "cloaking a penalty".

[conalot]

call them what they like its still wrong

 

:mad:

[mousemat]

I so hope they don't get District Judge Mackenzie, who is so biased in the banks favour it's not real. Basically thinks we are a lot of whinging pheasants - woops sorry I meant peasants.

[DavyM]

The fact their doing it is a sure sign of panic. They never changed the amount of the charges though. Roll on the court case.

 

 

Mr McKenzie won't be involved. He's too lowly for that. Stuff him.

[hilaryfrances]

ER whatever they say and do now will never alter the Fact, that the bod who spoke at the Bank of Austrialia`s meeting STATED that:

 

Because of they had to return so many PENALTY charges their profits were down. I think he did them up like flipping kippers, good on yer mate me old cobbler.