High Street Banks Plan Appeal Over Bank Charges Ruling
April 1st, 2009 Posted in Bank Charges
The House of Lords have granted the eight main High Street banks in the bank charges court case the right to appeal.
What this essentially means is that the continuous battle against unfair bank charges will now be delayed further and could even push the case back to 2011.
Last month the High Street banks suffered a defeat in the Court of Appeal with a judge finding that the banking charges could be subject to ‘unfair contractual terms’ laws.
The result last month marked a major boost for bank charge reclaimers with it’s decision allowing the Office of Fair Trading (OFT) greater abilities in assessing the fairness of the bank charges.
The major High Street banks who are contesting the charges include RBS/NatWest and HBOS and Lloyds TSB.
