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Banks set to appeal OFT charges ruling

OFT test case Adrian, I think as things stand you will struggle to claim back business charges. However the banks are bound to appeal the judgment so we must hope that the OFT cross appeal on the common law penalty charge issue. Martin I understand that the judge said the charges were not charges at all but payments for a service and therefore the common law did not apply. Quite how he squared that with the UTCCR applying to personal accounts I have no idea

28-Apr-2008

4:22 pm