OFT can rule on bank charges, say judges – The Times

Posted February 27th, 2009 in banking, consumer protection, news by sally

“An end to hefty bank charges for unauthorised overdrafts moved closer yesterday with a Court of Appeal ruling that the Office of Fair Trading can decide if such charges are fair. But the decision that fees levied on personal current account customers can be regulated could also herald the end of free banking.”

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The Times, 27th February 2009

Source: www.timesonline.co.uk