Bank Charge issues Post Test case - Repayment: how will charges be repaid?

[Bigdebtor]

Getting back to "how will charges be repaid?" Does anyone know if you have a big overdraft will the Banks be allowed just to reduce its balance (and limit) by the amount of charges (and interest) refunded - or must they pay you out so you can decide yourself what to do with or where to put the money? After all - it is YOUR Money!

[yourbank]

Getting back to "how will charges be repaid?" Does anyone know if you have a big overdraft will the Banks be allowed just to reduce its balance (and limit) by the amount of charges (and interest) refunded - or must they pay you out so you can decide yourself what to do with or where to put the money? After all - it is YOUR Money!

The current decision in the Supreme Court will not decide on refunds nor will it decide on past charges. It is currently about whether UTCCR 1999 applies to bank charges.

[dehowletts]

Anyone know how all of this affects current already submitted hardship cases please???

 

I could really REALLY do with ANY info at all on this!!

 

Thanks in advance

[Skinflint13]

Team,

 

Case stayed in court for nearly two years...hopefully coming to a conclusion...do we have a template letter to send off as soon as we get the green light ??

 

Will dig out all my case papers tomorrow....its good to be back in the game !!

[enoughisenough]

Wednesday 25th November...

[Bigdebtor]

Wednesday 25th November...

 

What exactly is expected on this date?

[enoughisenough]

The Supreme Court's decision on the assessment of bank charges for fairness. It's widely expected to go in the OFT's favour.

[yourbank]

The Supreme Court's decision on the assessment of bank charges for fairness. It's widely expected to go in the OFT's favour.

 

The Supreme Court are not deciding on fairness on Wednesday. They are deciding if UTCCR 1999 applies to bank charges, ie whether they can be assessed for fairness. They are not deciding on whether they are in fact fair or unfair.

[yourbank]

Anyone know how all of this affects current already submitted hardship cases please???

 

I could really REALLY do with ANY info at all on this!!

 

Thanks in advance

It is unlikely to make any difference to claims unless the Banks' are successful in their appeal.

[Old Cogger]

The Banks will seek Limitations on their losses, ultimatly the Government should interceed and legislate repayment of the Banks unfair charges and close the matter once and for all, the Banks have had their day more than once now, they LOST, the case should be closed or heavy fines put on the perpatrators (Banks), Maybe Wastage Cost should be levied on them in repect of every Bank Customer. To the Customer of course.

[locutus]

As tomorrow is the "official" handing down of the judgement, is this a case of

 

Or does BF know something we mortals don't?

 

As for the OFT deciding if it's "fair" I think we can safely say they wouldn't have gone thrugh the test case if they were! (and they have already made a descision on credit card charges that says they think £12 is acceptable) I'm hoping the political pressure along side the fact that this has dragged on for so long already might (slim chance but still there) force things to move quickly!

[N.P]

As tomorrow is the "official" handing down of the judgement, is this a case of

 

Or does BF know something we mortals don't?

 

As for the OFT deciding if it's "fair" I think we can safely say they wouldn't have gone thrugh the test case if they were! (and they have already made a descision on credit card charges that says they think £12 is acceptable) I'm hoping the political pressure along side the fact that this has dragged on for so long already might (slim chance but still there) force things to move quickly!

 

 

 

Who said £12 is fair? It certainly is NOT fair. Nothing IS fair!

 

Banks were put in place to serve the people. not to take the (edit) out of us and serve themselves.

 

It doesn`t cost me £12 to send a letter, and it certainly doesn`t cost the Banks anything, as everything is automated, no matter what bull (edit) they come up with.

Edited November 24, 2009 by ErikaPNP
please refer to section 3.6 of the forum rules

[locutus]

I didn't say £12 was fair, but for credit card charges (not bank charges) the oft have said "we do not propose at present to consider legal action where charges are set below £12"

 

So to get our cases moving again, we should be able to use that point in our favour IMO.

[N.P]

Well, Lloyds TSB have failed to come up with my Application and account opening form for my account which opened 24 years ago.

 

As far as I`m concerned we don`t have an agreement for them to charge me, so I want every penny of every charge and it`s interested returned from the birth of the account

[enoughisenough]

BANK CHARGES RULING LIVE:

 

BBC NEWS | Video and Audio | News Channel Live | BBC News Channel

[enoughisenough]

Banks have Won!!!!???? WTF?

[manchester1]

Banks Have The Gov By The Balls ,shocking To See What Has Happened!!!

[danmoz98]

I was just saying to my mate, I'm sure this decision has absolutely nothing to do with what's happened with the banks over the last 12 months.

 

So, I guess now we'll see a rise in bank charges and complete and utter refusal to refund them. Brilliant. Bunch of tossers!

[enoughisenough]

http://www.supremecourt.gov.uk/docs/uksc_2009_0070_ps.pdf

[heimdalls]

So after the ruling in favor of the sodding banks, should i just await the "we are sorry your in trouble but tough" letter from my bank and leave it at that?

 

I wonder how many cases are about to be unheld just to be turned down by the courts courtesy of todays ruling...

[maybelline]

Lets tell the govt we prefer the way our grandparents handled money, paid in cash, thanks, cut the banks out of it, save for what you want, and where are the credit unions, lets see a change lead by what the nation needs not what the banks need from us. who says it has to go ALL go via the banks, can anyone say no to having any contact with a bank at all now????

[enoughisenough]

No! If you have a claim that is stayed make an immediate application to have the stay lifted and proceed as planned.

[gazhodge1981]

This really is shocking, Yet again the British people get shafted

We should demand our billions back from the robbers and see them go bump!!!!

What a Joke!!!!!!

[gazhodge1981]

Does this ruling just cover overdraft charges or all charges?

[Dusty_Rug]

My lba was sent off and i'm due to apply to the courts next week. I've read the judgment (and most of it's gobbledygook to me especially as 5 yr old granddaughter is prattling on at the side of me). All I seem to keep seeing is 'overdraft' and 'interest'. I didn't want to claim interest, I don't have an overdraft and yet I'm struggling to understand exactly what's been said about unpaid items. I'm assuming that ALL their charges have now been 'legalised' so do i just forget it? Or would the fact that NW dropped their unpaid item fee from £38 to £5 last month be reason enough for me to fight them (to do that, I'm assuming that even they think their fee was unfair?)