charges appeal goes with the banks!!

[lickthewallfatboy]

unreal

[peter1234]

thats not strong enough a comment

[lickthewallfatboy]

I think I'm speechless

[bigandyuk1]

The OLD BOYS Network !!!!!!

[fernack]

So what do we do now??? Just forget it??

[debt4get]

i am not at all surprised only yesterday it was announced that 2 banks had taken billions of pounds in government loans last month, there was no way in this economic climate that this gov. was going to put the banks into the position of having to refund billions of pounds in charges. if this had happened before the banking disaster i think that the banks would have lost, but now there is no chance..

[lickthewallfatboy]

The OLD BOYS Network !!!!!!

 

not half mate!!

[spamheed]

BBC News - Banks win Supreme Court case on overdraft charges

 

Unbelievable, it just shows that these unelected Lords serve no real purpose whatsoever and are (allegedly) as buyable as any other MP

 

I should be grateful that I got my claim in against Halifax Credit Card when I did.

 

However, even though the OFT has lost the case, don't forget it still states in the CPUTR that charges must be representative of their costs and to date, no financial institution has come forward to state exactly what it costs them.

[lickthewallfatboy]

if anyone thinks any different,then think again

 

FSA,FOS,Supreme Court,banks

 

all p*ss in the same pot

[vjohn82]

Nope... plenty more scope for attacking the banks with competition laws etc... there is mileage in this yet

[vjohn82]

BUT...

 

We have to ask ourselves who would have been paying the refunds had the decision gone the way of the consumers...

 

...the taxpayers.

[bigandyuk1]

I had an email from Nat West this morning advising me of a change in my banking conditions. All my charges seem to have been cut to around £5 and no more massive daily charges but limited to smaller amounts in any one period.

 

Do you think deals have been made with the banks to save them from refunding billions if they now set realistic charges??

[lickthewallfatboy]

fuuny you should say that

 

on another forum a guy has just posted that he got a letter from nastywest last week advising him that the maximum for daily charges was going up to £90

[Virus]

Read the official press release here: http://www.supremecourt.gov.uk/docs/uksc_2009_0070_ps.pdf

 

The full judgment has not been posted yet.

 

[edit] Here it is: http://www.supremecourt.gov.uk/docs/uksc_2009_0070_judgmentV2.pdf

Edited November 25, 2009 by Virus

[vjohn82]

I think we should wait to read the full judgement... we know how the media has been reporting these types of things (i.e. incorrectly)

[dannyboy660]

Does this mean those who have already had a payout are now going to be hounded by DCA's ????

[lickthewallfatboy]

good luck with that,DCA's

[vjohn82]

The Supreme Court had to decide not whether the banks’ charges for unauthorised overdrafts were fair but whether the OFT could launch an

investigation into whether they were fair.

 

 

The court decided that although the interpretation of the European directive which the Regulations implemented was a question of European law it was not necessary to refer the matter to the European Court of Justice (Paras 49, 91, 115, 120).

 

However, the charges might still be open to assessment by the OFT on other grounds under Regulation 5.

 

Looks far from a victory for the banks to me

[dannyboy660]

Could get quite busy here, methinks!!!!!

[smcgall]

Speechless. Just cannot believe it, and no room for a european court appeal so obviously they had no confidence in their own judgement that it would stand up to further investigation.

[dannyboy660]

It's not over yet though....

 

BBC News - Banks win Supreme Court case on overdraft charges

[Bill Shidding]

"Permit me to issue and control the money of a nation, and I care not who makes its laws"

Mayer Anselm Rothschild (Banker)

[ODC]

The Banks are robbing B******s

 

They gamble on speculatiative deals and when they cock up we have to bail them out yet they still get their inflated salaries and bonuses.

 

Go £1 over and they charge you £30 for being overdrawn £30 for not paying a DD plus £30 for telling you they are not going to pay the DD

 

GREEDY GREEDY SCUMBAGS

[plshelp!]

I had offer from bank in place, took gamble and lost, no such thing as a safe bet ! massive shock actually feel sick, thats probably the few thousand that would have made it a good xmas, gone !

[Virus]

The full judgment is up now btw

 

http://www.supremecourt.gov.uk/docs/uksc_2009_0070_judgmentV2.pdf