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Mal
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If and when the OFT stands up and says Mr Bank you can only charge £15 for any Fee. Where do we think that going to leave us? Would we have to reduce our claims?

 

Mal

Lloyds, DPA Letter issued 9/3/06

Lloyds, Preliminary approach letter issued 11/4/06

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No. You keep on claiming. If the banks are unable to show that there losses are as high as £15 then the charges are unlawful.

If the OFT have agreed to a £15 cap then they have probably exceeded themselves - although this is probably under pressure form the banks.

If the OFT have agreed to a £15 cap then it will demonstrate very well the weakness of the OFT and it will be a humiliation for them

 

However, we are getting ahead of ourselves. We do have to see what is announced and the wording which is used in the anouncement.

 

The betting is, however, that some deal has been made and that the wording will be an ambiguous fudge.

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I think that the burden of proof would remain with the banks. A pronouncement by the OFT does not change contract or common law. IMHO.

The law, in its majestic equality, forbids the rich as well as the poor to sleep under bridges, to beg in the streets, and to steal bread.

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The burden of proof would remain with the complainant. In other words, exactly as it is now.

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  • 12 years later...

This topic was closed on 03/06/19.

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Lloyds, DPA Letter issued 9/3/06

Lloyds, Preliminary approach letter issued 11/4/06

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