Banks waiting until after OFT findings

[Mike1106]

Hi all,

I have just had a interseting conversation with Natwest, They tell me they are currently looking at 14,000 claims and have 8 weeks in which to answer them but they are also waiting until OFT release their findings before deciding their course of action. Has anyone else heard this or is it just another ploy from them?

[JOE 90]

would an OFT report make any diference credit card companys stil dont pay out on a claim without a fight

[Guest NATTIE]

to put it bluntly no I have not heard this at all

[Stornoway]

The OFT are due to publish their findings on bank charges in the same way that they did for credit card charges. Its reasonable to assume that some of the bank's will be waiting on the outcome of the OFT report but;

1) its difficult to see how the OFT can say anything other than what they said in their report on credit cards (i.e. they would take action if charges of more than £12 were levied)

2) no matter what the OFT say on the level of fees they are still illegal.

[Guest NATTIE]

unlawful I think is the correct word