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Supreme Court knocks OFT's will to fight "unfair" bank charges

  • Edwards Wildman Palmer LLP
  • -
  • United Kingdom
  • -
  • May 12 2010

On 25 November 2009, the Supreme Court overturned the decisions of the High Court and Court of Appeal which had held that the Office of Fair Trading (OFT) was entitled to investigate the fairness of bank charges imposed on customers who went beyond their overdraft limit without authorisation

Court of Appeal upholds OFT's right to assess the fairness of bank charges

  • Edwards Wildman Palmer LLP
  • -
  • United Kingdom
  • -
  • August 21 2009

On 26 February 2009 the Court of Appeal dismissed the appeal of seven banks and the Nationwide Building Society (the Banks) against the decision of the High Court that the Office of Fair Trading (OFT) was entitled to assess the fairness of certain customer charges