Bank charges court test to open
Banks and their customers are awaiting the start of a High Court test case which could bring a fundamental change to UK High Street banking.
I have to admit that I have a financial interest in seeing the banks losing this case. If the OFT wins I hope that the judgment is retrospective in that the banks have to repay all those they have charged for being overdrawn in their accounts. Benefits barely cover the cost of living without the banks taking large chunks of my dole money on a regular basis.
it would of course be retrospective, because the law is an existing one on unfair contract terms. They are simnply determining whether it applies or not.
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