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


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A Treasury spokesman said:

 

'We will give the FSA the power, when it has had a number of complaints about a particular bank or a particular financial product, to set up a one-stop redress mechanism.

 

'This will mean people will not need to go to court.'

 

 

"number of complaints"

 

 

 

Would 6 million court actions and complaints to the FOS be enough?

 

 

 

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Hi to all who have commented on my post. You are all the first to actually post any comments regarding the artical.

 

I posted it on three other threads!!!

 

Very ingteresting comments

 

Thank you all for the feed back.

Bach

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C'mon CAR - I would like to live to 200, I really would, but can't see it happening, and, I believe that's what it would take to see the fruits of any complaint to the ombudsman

 

:lol:

 

He's almost as bad as the I.C.O. :eek:

 

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Blimey I read some of the comments on that article. However the problems with politicians would always seem that they are not here for the public who gave them the power. They are 'always' there for the companies and institutions that are there to take your money.

You know I'm starting to worry that I'm going to end up in Hyde Park. LOL Now when does the election take place (after reading the article)?

 

Michael

When I was young I thought that money was the most important thing in life; now that I am old I know that it is. (Oscar Wilde)

--I like to be helpful wherever possible however I'm not qualified in this field. I do consider carefully anything important (normally from personal experience) however please understand that any actions taken are at your own risk--

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I agree fully JonCris. If there is an item in the Queen's Speech announcing a new Financial Services Bill, it will take several months to get to a Bill stage. And then the banks and their cronies will start lobbying to neuter any effect on them, draging out the Parliamentary process until May 2010. What happens then? Well, we have a general election, so all Bills not actually passed into law get dropped. Bye, bye Financial Services Bill.

 

If the Tories get into power, they will have other issues to address, so hitting back at the banks will disappear of the radar. And if Labour get back in (remember politicians think porkers can fly..), then Mr B and his Darling will get amensia about the banks.

Arrow Global/MBNA - Discontinued and paid costs

HFO/Morgan Stanley (Barclays) - Discontinued and paid costs

HSBC - Discontinued and paid costs

Nationwide - Ran for cover of stay pending OFT case 3 yrs ago

RBS/Mint - Nothing for 4 yrs after S78 request

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i have just rang the company thats dealing with my bank charges claim and they say the verdict has been delayed til january now!

 

I hope they are getting confused. The HOL have said they will announce this session that the OFT can or cannot rule on whats fair. This session ends before christmas.

 

Therefore the OFT will go way and have a think about whats fair and I have heard that will announced in January.

 

If I am wrong I am going to start to get angry.:)

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this is taking the &?/@ now

Finally if you succeed with your claim please consider a donation to consumer action group as those donations keep this site alive.

 R.I.P BOB aka ROOSTER-UK you have always been a Gent on these boards and you will be remembered for that.

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i have just rang the company thats dealing with my bank charges claim and they say the verdict has been delayed til january now!

There is no firm date for the judgement. The reason why January 2010 is also being said is that it is the date the FSA Waiver is due for renewal which I firmly believe will happen since the likelihood of a final resolution of the OFT Test case issues is highly unlikely.

At the moment there is no firm date for the judgement in the case so we are ALL waiting for confirmation of a specific judgement date on the preliminary issues.

.

FSA Waiver on Bank Charges:http://www.fsa.gov.uk/pages/Doing/Regulated/Notify/Waiver/pdf/dir_quart_0709.pdf

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