“Banks are still facing a mass revolt from customers despite the halting of some claims in the run-up to a test case in the High Court, The Independent has learnt.”
The Independent, 28th August 2007
Source: www.independent.co.uk
“Barclays Bank has been ordered to stop taking penalty overdraft charges from a customer’s account until the test case over the penalty fees has been decided in the High Court.”
The Times, 24th August 2007
Source: www.timesonline.co.uk
“A judge has stopped Barclays bank taking any more penalty charges and interest from a customer who sued for their return.”
BBC News, 24th August 2007
Source: www.bbc.co.uk
“A meltdown in the credit markets could lead to banks, hedge funds and private equity firms finding themselves embroiled in years of costly litigation, lawyers warned today.”
The Times, 10th August 2007
Source: www.timesonline.co.uk
“Banks should be legally required to compensate customers for millions of pounds being lost from online fraud, a House of Lords committee will tell the government this week.”
The Guardian, 5th August 2007
Source: www.guardian.co.uk
“Judges are increasingly willing to step in to stop another expensive disaster such as BCCI or Equitable Life.”
The Times, 2nd August 2007
Source: www.timesonline.co.uk
“Goldman Sachs was not liable for a loan that turned sour, despite its own bankers admitting that the borrower’s prospects “did not sound too rosy”, the Court of Appeal said today. ”
The Times, 31st July 2007
Source: www.timesonline.co.uk
“Barrister Tom Brennan on Monday lost his legal battle in what he hoped would be a test case for the fairness of bank overdraft charges.”
Financial Times, 31st July 2007
Source: www.ft.com
“One of Britain’s biggest banks divulged the multi-million pound cost of the customer revolt against bank charges for the first time yesterday.”
The Independent, 31st July 2007
Source: www.independent.co.uk
“Britain’s banks and building societies have lied to and threatened customers who complain about overdraft charges, the Government’s financial regulator said.”
The Times, 28th July 2007
Source: www.timesonline.co.uk
“The OFT will tomorrow commence proceedings in the High Court for a declaration on the application of the law in respect of unauthorised overdraft charges.”
Office of Fair Trading press release, 26th July 2007
Source: www.gnn.gov.uk
“Britain’s high street banks and the main consumer watchdog will today go to court to seek a test-case ruling aimed at resolving the uncertainty over ‘illegal’ bank penalty charges.”
The Guardian, 27th July 2007
Source: www.guardian.co.uk
“Banks have paid £200m this year to customers reclaiming penalty fees, according to research that suggests the public is winning the revolt on charges.”
The Independent, 20th July 2007
Source: www.independent.co.uk
“The rise in bank charge cases has helped deliver a windfall for the civil courts following the decision to increase fees for litigants last year.”
Financial Times, 10th July 2007
Source: www.ft.com
“Scores of tax consultants on Thursday rushed to condemn the proposal drawn up by Revenue & Customs that could allow the seizure of unpaid taxes from people’s bank accounts without a court order.”
Financial Times, 6th July 2007
Source: www.ft.com
“Tax evaders could find their bank accounts raided directly by the Inland Revenue, under a government plan to get back some of the billions in annually lost payments. The powers would allow tax collectors to bypass the courts and order banks to pay outstanding tax debts.”
The Guardian, 5th July 2007
Source: www.guardian.co.uk
“The battle over bank charges entered a new phase yesterday after 37 customers had their cases settled out of court in their favour and a judge ordered banks to come clean over the true cost of the charges.”
Daily Telegraph, 5th July 2007
Source: www.telegraph.co.uk
“A record number of people are due to have their claims for the return of bank overdraft charges dealt with at Leeds Mercantile Court.”
BBC News, 28th June 2007
Source: www.bbc.co.uk
“The government’s Money Claim Online small claims service (MCOL) is being overwhelmed by claims for bank charges.”
BBC News, 8th June 2007
Source: www.bbc.co.uk
“A judge in London has called for a change to the legal system to stop it being overwhelmed by up to a million bank-charge cases.”
The Times, 9th June 2007
Source: www.timesonline.co.uk
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