Report this comment to a moderator

Banks set to appeal OFT charges ruling

Bank charges The OFT has won a significant point because it has been affirmed as having the power to regulate banks charges under the Unfair Terms in Contracts Regulations. If the OFT had lost today the regulations would have proved to have been worthless to protect consumers against market abuse and bank customers would have been left vulnerable'. We hope that the court will shortly decide that the unauthorised overdraft charges are disproportionate and unfair to bank customers.

24-Apr-2008

3:51 pm