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Archive for May, 2008

Banks set to challenge bank charges judgment

Eight of the UK’s biggest lenders are set to contest the High Court ruling which has allowed the Office of Fair Trading to challenge the fairness of bank charges.
Last month, Mr Justice Andrew Smith made a judgment that banks charges are subject to the Unfair Terms in Consumer Contracts Regulation (UTCCR) 1999, allowing the OFT […]

‘Victory’ on unfair bank charges could see the majority worse off

If the consumer is victorious in the unfair bank charges battle the masses could lose out, according to MoneyExpert.com.
The price comparison site says that if further rulings on the issue of bank charges go the consumer’s way, banks are likely to look for alternative sources of revenue and this could mean the end of free […]