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OFT Press Release


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Whooo - hooo!

The OFT also calls on banks and other financial businesses to apply the same principles when calculating default charges in other consumer contracts such as bank overdrafts, store card contracts and mortgages where and as appropriate.

Alecto, Magaera et Tisiphone: Nemesis on Earth is come.

 

All advice and opinions given by Spiceskull are personal, and are not endorsed by Consumer Action Group or Bank Action Group. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

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This is simply a reiteration of what was in the original report. I guess that it has been made in the light of the reports elsewhere (and subsequently posted on this board) that they were backing down over non-credit card charges.

 

Having said that, it is a timely reminder to the banks. :)

 

 

 

 

 

 

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  • 12 years later...

This topic was closed on 10 March 2019.

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