Why Bank Penalty Charges Are Illegal Stephen Hone brought original case against Abbey over two £32 charges, argued that under Unfair Terms in Consumer Contracts Regulations (1999) charges have to reflect real cost of administration, there is no such thing in English law as a penalty charge 12.12.06 BBC, Banking Law, Company Law, Penalty Charges
Online Claims Are Booming Money Claims Online, a debt recovery service run on the internet by the Court Service, is enjoying booming business, big uptake among customers suing their banks for excess penalty charges 24.07.06 BBC, Banking Law, Consumer Credit
OFT Inquiry Into Unfair Contracts OFT has published consultation guidance on how provisions of the Consumer Credit Act 2006 (the Act) may be used to protect consumers, act enables borrowers to challenge credit agreements on the grounds that relationship is unfair, 'unfair relationships' test replaces concept of extortionate credit bargains 30.06.06 Office of Fair Trading, Consumer Credit, Consumer Rights, Financial Services
FSA Questions Mortgage Exit Fees Regulator is asking mortgage providers to justify increases in mortgage exit administration fees, should 'reflect cost increases' and be proportionate 19.06.06 BBC, Financial Services
FSA Questions Mortgage Exit Fees Regulator is asking mortgage providers to justify increases in mortgage exit administration fees, should 'reflect cost increases' and be proportionate 19.06.06 BBC, Financial Services
Bank Charges Banks are fighting back against customers suing over excess penalty charges, Abbey, Nationwide and Alliance & Leicester are closing accounts of 'dozens' of customers 12.06.06 Banking Law, Consumer Credit, Consumer Rights
PPI Refund Agreement Financial Services Authority (FSA) has reached agreement with firms providing single premium payment protection insurance (PPI) not include nil refund terms in contracts with new customers,
not apply nil refund terms in contracts with existing customers 29.03.07 FSA Press Release, Financial Services, Payment Protection Insurance
Limiting Partner Liability Limitations of liability are now regularly employed by professional firms, as they seek to protect themselves in an increasingly demanding environment, in which the size of transactions continues to increase and few (if any) relationships are sacrosanct 19.01.07 Law Now, Compensation Law, Professional Negligence
Liquidated Damages In Alfred McAlpine v Tilebox the TCC ruled on whether a liquidated damages provision was unenforceable as a penalty. Liquidated damages are provisions which specify that a sum of money is payable by the defaulting party, following a contractual breach 13.09.05 Eversheds, Company Law Links, Offshoring Links
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Bank Penalty Charges Law student has won case claiming bank penalty charges contravene Unfair Terms in Consumer Contracts Regulations, 1999, they are 'profit-making' and not recoup of costs 29.06.05 Telegraph
