H.O.L Test case appeal. Judgement Declared. ***See Announcements***

[Bookworm]

Bon appetit.

[barry_2008]

Welcome to the old Democratic nation of the world. Our routes are tied into many countries depending on how far back you go. Even the basics get these people over.

[ncf355]

Well,

 

I'm in work for 630am so will check and refresh around 7am

 

Probably be a hint on Radio 4 business news (610am onwards) anyway

[gazhodge1981]

I have had a letter nearly the same from HSBC Today. Maybe the banks are using a similar template

[yourbank]

Well,

 

I'm in work for 630am so will check and refresh around 7am

 

Probably be a hint on Radio 4 business news (610am onwards) anyway

 

I would check the OFT website because I am SURE that on their newsroom(for reference: Newsroom - The Office of Fair Trading ) rather than reading the news or listening to it since they are interpreting the news rather than necessarily giving you a full picture of events that are happening. Furthermore, on the sites it will take a little time to digest what the OFT actually say, since the first initial reaction is not always the best one(as most newspapers did show with the SC decision "banks won!"). I don't think anyone will be surprised however the OFT decide to go since all consumer groups have said that they have to carry on so they either will or their hand will be forced yet again with the civil litigation that will go on if they do nothing.

[car2403]

Me's hoping that they've done a deal, will make sure the Banks payout (by internal transfer to my Bank Account) on Tuesday afternoon. I've already booked my taxi to the Christmas shopping centres on Wednesday - is that wrong?

 

[middenmess]

Me's hoping that they've done a deal, will make sure the Banks payout (by internal transfer to my Bank Account) on Tuesday afternoon. I've already booked my taxi to the Christmas shopping centres on Wednesday - is that wrong?

 

 

Will you be shopping here?

 

http://www.cloudcuckooland.biz/ccl5.jpg

[yourbank]

Me's hoping that they've done a deal, will make sure the Banks payout (by internal transfer to my Bank Account) on Tuesday afternoon. I've already booked my taxi to the Christmas shopping centres on Wednesday - is that wrong?

 

 

Yes it is wrong, Car. As you clearly know the bus will be cheaper and allow you more money and allow you to get me a prezzie .

[kennyh]

Just wot drugs ARE you on CAR??

[srfrench]

I have to admire CAR's optimism......keep taking the tranqs bud

[car2403]

Flippin' 'eck, we all need a belly laff now and again

 

I'm waiting for the Announcement to this effect, though. Everything is crossed, including all my cheques...

[srfrench]

My attitudes crossed as well.....

[EricTheRed]

Flippin' 'eck, we all need a belly laff now and again

 

I'm waiting for the Announcement to this effect, though. Everything is crossed, including all my cheques...

 

There will be no cheques to cross after 2018. By that time the OFT will be.....................

 

 

 

 

 

 

 

 

............

[speedtrip]

Well personally if I received that letter I would not take it lying down.

 

These bodies OFT and FSA are there for reasons to protect the consumer and instill some element of fair play and balance.

 

Also I think its a bit premature to pull these complaints straightway and I would be writing back to express my views and I would suggest they should be waiting for OFT communications plus 28 days before pulling the plug.

 

The FSA are privately funded institution. mostly by their members, who are the banks and insurance companies, funny that but I believe ultimately accountable to the goverment?

 

You could always complain about the FSAs handling of your case, saying you feel very let down.

 

I think we all feel badly let down by the OFT and FSA in these matters.

 

ST

 

It is wrong, but do we expect anything better from the FOS?

[tcook5]

I had my letter, on Saturday, from the HSBC scummers.

As they have now said that my complaint is not going forward does that mean that if i put in a new claim then i can only claim back Six years from the date of the second claim?

If so can i then sue the FSA/OFT for loss of 2 1/2 years of charges, that is of course if i am successfull?

I really get the feeling that this was a massive stitch up by the FSA/OFT and if they had just left things as they were then we all would be far better off......Rant Over....

[Bookworm]

Yes it is wrong, Car. As you clearly know the bus will be cheaper and allow you more money and allow you to get me a prezzie .

Awww come on... With all the dosh he'll be getting, he'll be able to do BOTH!!!

[Michael Browne]

Sky News are claiming on their Breaking News tickertape :

 

OFT will not pursue legal action against the banks regarding overdraft fees

[middenmess]

Sky News are claiming on their Breaking News tickertape :

 

OFT will not pursue legal action against the banks regarding overdraft fees

 

 

Is anyone surprised?

[JGJ]

Surprised no, ANGRY!! :mad: yes.

 

 

EXEMPLO DUCEMUS"

[RGS1]

 

 

 

 

Has anyone else had a letter like this??

Looks like they have thought of a responce to the section 5 arguement.

[EricTheRed]

If the OFT now cannot determine whether bank charges for exceeding an overdraft limit are unfair then who can? Is it a judge?

[the_shadow]

If the OFT now cannot determine whether bank charges for exceeding an overdraft limit are unfair then who can? Is it a judge?

 

Well if you listen to the soundbites or believe the letters from the banks, nobody can ;-)

 

S.

[emandcole]

Had a pretty lame and generic HSBC letter arrive this morning but nothing near the detail of this, clearly as solicitors were involved you and others who had made legal claims deserved a better response. As for the section 5 stuff they'll always try and present a picture designed to suppress the recipients response, we'd all expect that wouldn't we!

 

If the OFT do choose to cease action (which they probably will) then we still have numerous options to fully explore alternative technicalities. The new arguments are complex and when they are finally delivered I'm sure we'll all need to gain a good understanding of any new strategy adopted.

 

I think it may be good for us if the OFT step aside, it'll mean the banks are left wide open if we can construct another solid argument and they won't have the benefit of any regulatory waivers to hide behind. Let's face it, if we can pursue another angle, which I truly believe exists, then the banks can hardly expect any assistance with another waiver from the OFT a second time round. All good things and all that.

 

We all need to remember that the banks are running a huge propoganda exercise now designed at preserving their ill gotten reserves. Let them send their petty letters and patronising 'apologies for the outcome which I am sure is not what you would like to have read' statements.

 

I for one have already asked for the terms and conditions applicable to my Lloyds current account opened in 1994. Strangely they've not been able to supply them yet, awkward when they state that such charges were agreed by me/all of us when we opened our accounts. Merely hearsay until they can prove otherwise. Their time will come, of that I have no doubt.

Edited December 21, 2009 by emandcole

[kennyh]

Given absence of OFT can we expect guidance as hoped for hitherto (revised temps and guidance e.g.whether we use SOGAS as an instrument)- no burning bushes please!

[landy_alert]

I for one have already asked for the terms and conditions applicable to my Lloyds current account opened in 1994. Strangely they've not been able to supply them yet, awkward when they state that such charges were agreed by me/all of us when we opened our accounts. Merely hearsay until they can prove otherwise. Their time will come, of that I have no doubt.

 

That's good news for me too then emandcole, as my account with LTSB also dates from 1994;)