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Independent Banking Advisory Service |
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UK Bank Penalty Charges on Consumers Accounts
UK Bank Penalty Charges on Consumers Accounts - Judgment was on 24th April 2008 and future information on this case can be obtained direct from the OFT website. It's natural you will want to know our 'pedigree' - visit UK Bank News 2009 for most recent Banking News and you will also find our national newspaper comments plus many more in the News and archives sections of our site - see our site map. IBAS has featured in BBC TV and ITV News items and programmes on banking and the banking issues many times since we were established in 1992. High Court hearing has taken place with Justice Andrew Smith hearing evidence on the OFT's claim and the individual bank defence to the OFT's claims. Mr Justice Andrew Smith, in concluding on the 14th day of the hearing, said he had "no idea at all" when he would be able to deliver his judgment. "I have a great deal of work to do before I make my judgment," he said. He decided that his draft judgment would be sent out only to a "very tight circle" of named lawyers for the OFT, seven banks and the Nationwide building society. Mr Justice Smith decided that he will probably give the parties to the case just 24 hours to respond to any typographical or factual errors. - 8th February 2008
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