Sentences with phrase «unauthorised overdraft charges»

A rookie barrister has lost his landmark legal battle to force NatWest bank to justify its fees and to cough up damages for taking # 2,500 from his account in unauthorised overdraft charges.

In April this year judgment was handed down in the first part of the eagerly awaited test case brought by the OFT against the UK's leading high street banks seeking a ruling on the fairness of their unauthorised overdraft charges (Office of Fair Trading v Abbey National plc and others [2008] EWHC 875 (Comm), [2008] All ER (D) 349 (Apr)-RRB-.

The OFT has advised that it will now consider the detail of the judgment before it decides whether to continue its investigation into unauthorised overdraft charges.

As a former partner in our Finance Disputes team, Maxine has gained experience in a broad range of investment banking and retail disputes, including disputes concerning derivatives, allegations of mis - selling, unauthorised overdraft charges and credit card charges, breach of mandate and credit default reporting.

Not exact matches

The charges and interest on most unauthorised overdrafts can massively increase your debt.

The question before the court was whether the Office of Fair Trading (OFT) was permitted to investigate the fairness of bank charges levied for unauthorised overdrafts and other related charges under reg 6 (2) of the Unfair Terms in Consumer Contracts Regulations 1999 (SI 1999 / 2083)(the regulations).

Banks» terms and conditions which impose charges on customers for unauthorised overdrafts are subject to the test of fairness in the Unfair Terms in Consumer Contracts Regulations 1999 (UTCCR 1999), the High Court has ruled.

● However, the charge applied by banks for an unauthorised overdraft is not «the price or remuneration» for the service within Regulation 6 (2)(b), and so is not exempt from any consideration of fairness.