H.O.L Test case appeal. Judgement Declared. ***See Announcements***

[photoman]

If you take a look at some of the comparison sites you can get a listing of business accounts that offer free banking (ie; no monthly charges) and also no transaction fees.

 

I've just done a quick look myself, and there actually seems to be quite a few.

 

PM

[tomterm8]

So, I see nothing very much happened today. We'll get judgement maybe by october, and appeals will start in november, maybe... apart from that :shrug:

[JOSH_IOU]

No kidding.

 

The stay was put in place due to lack of evidence.

 

Because the Banks defended the claim the oft made.

 

However We Should have reason to belive these charges are unlawful because of this report.

 

There is more evidence to consider withint the case.

[tifo]

However We Should have reason to belive these charges are unlawful because of this report.

 

We hope ....

[JOSH_IOU]

"Hope"

 

Thats what this case is based on it would seem.

[TheyrCriminals]

Hi Guys,

 

Well no surprises here then! A six month extension on the waiver has just been granted - you don't say!

 

BBC NEWS | Business | Overdraft complaints frozen again

 

You never know maybe by then the appeal will have been heard!

 

TheyrCriminals

[SELV]

Hi everyone and Bookworm hope you are all well?.Looks like the banks are being kind to us all now by giving us extra on our overdraft facility and calling it a Reserve, is this for our benefit or is it to make them look good to the court :D:D:rolleyes:...

[yourbank]

I think they are about a billion threads on the Barclays Personal Reserve or is there more;)

[SELV]

Sorry yourbank but havn't been on for a while apart from that I only really post on this thread cannot understand all the gobligook on other threads so I am sorry to have been a bit of a bore to you...:smile:;-) obviously you work for a bank?

[yourbank]

I am on so many forums, that every time I see the words, "Barclays [problem]", "Barclays, has anyone got this before", I am screaaming ARRRRRRRRRRRRRRRRRGGGGGGGGHHHHHHHHHHHHHH! Yes a billion times. Sorry if the post came across like that, not meant as was written:o

[JonCris]

YB are you saying the banks aren't working a [problem] with their 'new' charges

[yourbank]

JC, I said I have seen the thread about the Barclays Reserve about a billion times, on here, MSE, PC, etc,etc, with the above named titles. Sometimes, I comment on them and mostly I don't.

Post 1127 was a throwaway comment.

JC, I seem to know less and less and less here, somedays. Perspective is everything, one person views a charge as a con, another as a [problem], and another as a penalty for their mistake. I can understand you view and other contrary views.

For me, I don't get charges so I don't view them as something that I need to think about at this moment.

When I do have a view I am sure I will post somewhere on the tinterweb. I am sure I may have had a view in the past as Nattie on here.

[InformedSearcher]

What quite shocks/surprises me to all this is so 'low key'. This is our cash they are holding on to and yet it seems so few people 'rock the boat'. HSBC in my case merrilly charge me £150 a month as just 'procedure' and I look in dismay at their blaise attitude to it all. Do the financial institutions know something we don't I wonder?

Michael

[yourbank]

No, but they can still charge until the conclusion of the OFT test case. The historical T&C's decision is likely in September and that decision will be interesting to see.

[TheyrCriminals]

Hi Guys,

 

I can not find anything on the OFT report regarding its investigation into bank charges. I understood that the OFT would hand over its preliminary report to the judge in a letter by the end of July. It is now the 5th August, has there been any developments?

 

TheyrCriminals

[choco]

JC, I said I have seen the thread about the Barclays Reserve about a billion times, on here, MSE, PC, etc,etc, with the above named titles. Sometimes, I comment on them and mostly I don't.

Post 1127 was a throwaway comment.

JC, I seem to know less and less and less here, somedays. Perspective is everything, one person views a charge as a con, another as a [problem], and another as a penalty for their mistake. I can understand you view and other contrary views.

For me, I don't get charges so I don't view them as something that I need to think about at this moment.

When I do have a view I am sure I will post somewhere on the tinterweb. I am sure I may have had a view in the past as Nattie on here.

 

Hi, even tho you clearly dont want to I'm agoing to ask anyway - what is this Barclays reserve all about?!

 

I haven't come on here for ages now, as it just seems like we're getting nowhere and someone mentioned something above about all we have left is hope - well I dont have that any more....

[yourbank]

have a look at the barclays forum and all will be revealed;)

[TheyrCriminals]

Hi Guys,

 

Could someone please tell me where I can find the new criteria for claiming hardship, which I understand has been revised and clarified recently by the FSA. Would there be a hardship claim for someone who has been written off work sick for 12 months, although working now, who has many debts building up, has accrued a number of CCJ's and is one step away from a repossession order being made on his home.

 

Thanks.

 

TheyrCriminals

[kennythecelt]

Hi

 

here is a link to a recent template in the stickies which should help

 

http://www.consumeractiongroup.co.uk/forum/bank-templates-library/154154-hardship-stayed-claims.html

 

 

have a look at these threads for further info.

 

http://www.consumeractiongroup.co.uk/forum/bank-templates-library/154154-hardship-stayed-claims.html

 

http://www.consumeractiongroup.co.uk/forum/oft-test-case-updates/150075-fsa-hardship.html?highlight=hardship

[yourbank]

Hi Guys,

 

Could someone please tell me where I can find the new criteria for claiming hardship, which I understand has been revised and clarified recently by the FSA. Would there be a hardship claim for someone who has been written off work sick for 12 months, although working now, who has many debts building up, has accrued a number of CCJ's and is one step away from a repossession order being made on his home.

 

Thanks.

 

TheyrCriminals

 

http://www.fsa.gov.uk/pages/Doing/Regulated/Notify/Waiver/pdf/disp_monthly.pdf

Annex 2 might be of interest to you.

[TheyrCriminals]

Hello YourBank and Kenny the Celt,

 

Thanks very much for the above posts they have been very helpful.

 

TheyrCriminals

[TheyrCriminals]

Hi Again,

 

Can I ask is it right that the appeal in the OFT test case is going to start on the 28th October 2008?

 

Thanks

 

TheyrCriminals

[InformedSearcher]

You know all this makes one wonder. I still believe that the financial institutions are in cahoots with the OFT/FSA. One needs to consider where their 'top brass' are employed from to consider that comment. Can you imagine their 'interviews' and the OFT/FSA saying, 'sorry you are from 'X' bank etc. and cannot be employed? Rather the entire opposite I would dare to say.

Anyhow, what I don't inderstand is that if you have a 'hardship' case then you might well be considered for a review and probably receive a full refund. How can this be I ask because if the FI's like erm, 'win' would those 'hardship' case people have to repay it all back? If they did not then that would obviously be considered grossly unfair. Personally I consider being owed well in excess of £4k and would not look on too happy if that a 'selected' few shall we say, got away with it? I would add that whilst I consider myself a hardship case I'd simply not get a look in purely because I'm fully employed and paid a reasonable salary. However I wonder what will happen as I'm 'verging' on redundancy within the next few weeks/months.

Michael

[Aequitas]

I still believe that the financial institutions are in cahoots with the OFT/FSA.

 

What makes you believe that?

[yourbank]

You know all this makes one wonder. I still believe that the financial institutions are in cahoots with the OFT/FSA. There is no evidence to support this view. One needs to consider where their 'top brass' are employed from to consider that comment. Can you imagine their 'interviews' and the OFT/FSA saying, 'sorry you are from 'X' bank etc. and cannot be employed? Rather the entire opposite I would dare to say.Is that a bad thing if someone has had banking/financial employment?

Anyhow, what I don't inderstand is that if you have a 'hardship' case then you might well be considered for a review and probably receive a full refund. How can this be I ask because if the FI's like erm, 'win' would those 'hardship' case people have to repay it all back?No they would not. If they did not then that would obviously be considered grossly unfair.Those who have had GOGW refunds running into the millions of pounds would not have to give that back because you are right, it would be grossly unfair. Personally I consider being owed well in excess of £4k and would not look on too happy if that a 'selected' few shall we say, got away with it?Got away with what? Not sure I understand that bit. I would add that whilst I consider myself a hardship case I'd simply not get a look in purely because I'm fully employed and paid a reasonable salary. However I wonder what will happen as I'm 'verging' on redundancy within the next few weeks/months.If you do get made redundant then ask your bank to consider you for hardship as that would be a change of circumstances under the waiver rules, Annex 2 for reference.

Michael

 

Michael, a lot of people think that there is a conspiracy because the OFT test case meant the FOS Waiver(pressure is mounting on them because of the lack of filtering of genuine hardship cases). The problem prior to the test case was that judges could go either way which solved nothing for consumers.