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Lloyds to ask local courts to dismiss overdraft cases

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Lloyds Banking Group has said it will ask local courts to dismiss thousands of overdraft cases lodged against it for the return of overdraft fees. The claims have been on hold since July 2007 when a group of banks and the Office of Fair Trading started a test case over the fairness of bank charges.

The Supreme Court ruled this week that the OFT could not decide the charges were unfair under consumer legislation.

Lloyds Banking Group includes both Lloyds TSB and HBOS bank

 

BBC News - Lloyds to ask local courts to dismiss overdraft cases


PGH7447

 

 

Getting There Slowly

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Advice is given freely but is in no way meant to be taken as Gospel:-)

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