Supreme court rules

[Consumer dude]

The supreme court has just ruled in favour of banks in row over overdraft charges. What will happen next ? Discuss..

[Ruprecht]

The supreme court has just ruled in favour of banks in row over overdraft charges. What will happen next ? Discuss..

 

Slavery?

[JimmySpangle]

Yep. Just been watching that.

[baconbuttyman]

thats our money gone,, i am shocked and disgusted, how can the supreme court be so blind, under other powers, what does that mean

[Consumer dude]

Will their be an appeal I wonder..

[renegotiation]

What a travesty of justice. This is a disgrace. The Supreme Court? It's a stitch up. They are crooks! This is bent as hell. Is Mark Gander 'Bankfodder'? He said the Supreme Court had said so and so and that was fine (in the sense of that avenue is closed). You are a hero mate, but that isn't fine. You need to change the name of this site to 'Citizen Action Group' and we need to take back our country! :mad:

 

THIS IS ACTUALLY BAD FOR MY FECKING HEALTH!

Edited November 25, 2009 by renegotiation

[Sunshine54]

HI

 

I've only read the brief note on the BBC news website so I don't understand why they reached this verdict

 

One thing I do know is that my claim against Barclays for unfair charges will now be rejected (which leaves me with an overdraft to battle against )

 

hey ho. I can't give them what I don't have.

 

I'll be watching with interest (no pun intended)

[NYM]

The Share Price for all banks went UP this morning, so they already knew the result of the Supreme Courts ruling long before it was announced to the public.

 

[Sunshine54]

another question then - where there are cases before the court where part of the defence is that there are unfair charges included in the balance - what's the impact of this judgement?

[jellybabe]

I'm disgusted!...but did that really surprise anyone??

With the amount of money that is involved i totally expected that!

And how will that affect other claims regarding CC's and Catalogues or Store Cards?

[Crapstone]

Absolutely nothing...the OFT have gone as far as they can on that legal point. If they ever thought they could win using the issues they did, when the banks hold the whole economy over a barrel, then they were kidding themselves.

 

A lot of desperate people out there that relied on this ruling are going to be heart broken and there are going to be a lot of red faces from promoters of getting your charges back from the banks. It's just ended up costing people more money and time.

 

Time to vote with your feet and invest in a fireproof mattress instead of bankers bonuses.

 

Up their own backsides and it just proves the law is an ass when it comes to common sense and consumer rights.

[baconbuttyman]

it is hard to believe there is not something underhand going on here, how can the supreme court overturn 2, not 1, but 2 prevoius victories.

[Lapchien66]

Are there any offshore banks that can be used for day to day banking? I don't want to give these &*&&!* another penny of my money

[jellybabe]

it is hard to believe there is not something underhand going on here, how can the supreme court overturn 2, not 1, but 2 prevoius victories.

 

totally agree..somethings smelling fishy here

[angry cat]

Knew that would be the result.

 

The Gov. et al keeping the people down...they cannot upset 'The Banks'!!

 

Scandalous.

[onestressedwoman]

In tears !!!!!!!!!!!

 

refund agreed last week - bank said they only got first copy of fax so faxed it again this morning before 9.45 but will they pay out - if I don't get pay out it will effect me seriously

 

Do they have to comply with already agreed amount

[speedtrip]

I also have pending claim with Lloyds and I guess they will now contact me to repay. A hearing in our favour would have have reduced the deby by over 50 %.

 

If I understand it correctly this means the banks are free to charge what they want for their services.

 

If this is the case then a law should be passed immediately to ensure that charges are appropriate to recover reasonable costs not as a revenue generator.

 

Obviously the Unfair Contract Terms Contract Act does not cover this but by the sound of it the Supreme Court had decided it is not possible to unravel the true cost of the banks products and services.

 

Given, I lost my job in August and not working this is a very poor outcome for me and got knows what I will do when they come calling.

 

Should i contact them or wait for them to come to me?

 

ST

[pink_stefy]

So what will happen now? Can we still try and get some money back? Does it count for financial hardship? Or am i just banging my head against a brick wall?

 

I feel like sending a mask and stripy jumper to the supreme court judges and the 7 banks and building society involved because that's all it amounts to...daylight robbery!!

 

I am absolutely gutted......and i still cant pay the charges they ask for...

[Crapstone]

If they say it's part of the 'service' then you should have the right to withold that payment if you are unhappy with it, not just have it stolen and then have to fight to get it back.

 

If only everyone would stop using the banks and withdraw their money where possible. Just for a day or so and then watch them panic when the share prices fall.

 

We'll just go back to being sheep again. I want to see queues like those at Northern Rock....I can but dream.

[baconbuttyman]

but lets look at this calmly, we now know the oft cannot asses the FAIRNESS of the charges, but lets go back to when we first started claiming our charges back, i for 1 never claimed unfairness on my court papers, i claimed under the fact that penalty charges where not enforcable under english contract law. is that not an option still????

[bazaar]

Its not all over yet,

we need to see the full ruling, it still doesnt detract that the charges are a penalty, lets wait til we get the full text.

However, having said that, this Supreme court is just what the government wanted in place to hide their misgivings.

[jellybabe]

interesting

[enoughisenough]

Penalty charges as were were also dismissed very early on. Stitch up.

[lollipop73]

It is an outrage, I imagine this means they can charge what they want for whatever they want now.

 

I can't say I am all that surprised.

[Crapstone]

Agreed. Just because the OFT lost doesn't mean that individuals will. In fact we have more chance of winning by throwing the lot at them and using the fact that they have already repaid before.

 

Stuff the judges ....