Great Bank Charge Revolt Protest groups plan to use reports of massive bank profits to urge claims against illegal bank penalty charges, Which? estimates consumers pay £4.7b a year in illegal charges Independent Martin Lewis, the unlikely revolutionary Independent Banks may end free accounts in response to caps on default charges, claims on penalty charges 20.02.07 Guardian, Banking Law, Consumer Credit, Consumer Rights
OFT to Study Current Accounts The Office of Fair Trading (OFT) has launched a market study into personal current accounts, forms part of the in-depth study into retail bank pricing announced by the OFT in March 2006, will consider wider questions about competition and price transparency in the provision of personal current accounts 30.04.07 Law Now, Banking Law, Competition Law
OFT Challenge to Free Banking OFT has today launched a market study into personal bank current account pricing, alongside a formal investigation into the fairness of charges for unauthorised overdrafts and returned items, will help OFT consider the current level and incidence of the charges in the broader context of efficiency, transparency, value 26.04.07 BBC, OFT Press Release, Banking Law, Competition Law, Consumer Rights, Financial Services
OFT to Study Bank Charges The Office of Fair Trading (OFT) has announced an in-depth study of retail bank pricing, comes in response to concerns over current account charges and follows an initial review by the OFT of this area, study will sit alongside a formal investigation into the fairness of current account charges 03.04.07 Law Now, Banking Law, Competition Law
Lending Rights Case shows delicacy required in dealing with claims by customers who blame bank for over-borrowing, a settlement of various claims was agreed, subsequently customer attempted to claim damages, alleging she had been induced to settle by misrepresentation 24.05.06 Law Now, Banking Law, Consumer Credit, Consumer Rights
Legal Day Table
Jobs Now
LEGAL DIRECTOR Sought for challenging in-house position with Myspace, the online space which has revolutionized the way people interact, as sole attorney in their London office More >>
HEALTHCARE LAWYER With at least 5 years PQE sought by Capsticks, a leading healthcare practice, to drive forward the development of their Birmigham based office More >>
PI PARALEGAL Required by Plexus Law, a specialist PI firm, to provide in-house support to the Motor Claims Department in their Folkstone offices More >>
NETWORK ENGINEER Sought by Personnel 2000 for their client, an international banking insurance provider, based in the Cayman Islands More >>
LEGAL SECRETARY Required by Law Choice for their client, a prestigious US law firm, to work for 2 partners in their Dubai offices More >>
Penalty Charges Left Lawyer Broke Barrister Tom Brennan tells High Ct that 'disproportionate and illegal' bank penalty charges left him struggling to pay for food and rent 22.05.07 Independent
NatWest Rejects Claims on Charges NatWest says it settled bank charge claim with £4k payment, claimant Tom Brennan says the payment was forced into his account, an abuse of power by the bank 02.05.07 This Is Money
Costs Awarded in Penalty Charge Case Judge Andrew Kearney has ordered Lloyds TSB to pay £85 costs to Vivien Lloyd, bank dithered for nearly a year over claim for £665 in penalty charges, Kearney agreed delays were 'waste of time' 30.04.07 BBC, Banking Law, Costs
Record Payout for Bank Charges NatWest has paid £36k to Norfolk businessman whose firm 'grew too quickly', racked up penalty charges at rate of £250 a week, bank paid out a week before case management meeting where it would have been challenged to reveal actual cost of bouncing cheques and direct debits 18.04.07 Guardian, Banking Law
A&L to Pay for Closing Account Financial Ombudsman is making Alliance & Leicester pay compensation to customer, closed account in retaliation for claim on bank penalty charges 07.02.07 Telegraph, Banking Law
