Britain's Supreme Court has ruled in favour of the High Street banks in a row over overdraft fees, delivering a blow for thousands who had hoped to recoup charges.
Seven major banks and a building society had challenged High Court and Court of Appeal decisions that the charges come under "unfair contract" rules and are therefore subject to regulation by the Office of Fair Trading.
Today's result was awaited by tens of thousands of customers whose refund claims have been frozen while the test case went through the courts.
Handing down the unanimous ruling, Lord Phillips, president of the Supreme Court, said: "It may be open to the Office of Fair Trading to assess the charge under other criteria."
This is a blow for me. I was hoping for hundreds of pounds in refunds. Once again the banks get away with robbing the customers. And yet when the banks almost went bust it was public money which bailed them out. As Jonathan Ross would say they are a bunch of Wankers!
With you on this one John, whilst I was not expecting any refunds my eldest daughter had her fingers crossed, seems that the Supreme Court knows who pays the piper!
ReplyDeleteBanks always get everything they want. They're magic.
ReplyDeleteAs we all know that we become independent in the year 1947,but still britishers left their english in India and also they left their ruling in the case of political conflits like the case of exporting food items as well as the banking section.
ReplyDeleteflag cases