Bank charges appeal is thrown out - bbc.co.uk
26 February 2009
An appeal by eight banks, against a High Court ruling that a regulator can investigate the fairness of overdraft charges, has been thrown out.
The Appeal Court ruled that the Office of Fair Trading (OFT) has the power to investigate the issue of bank charges.
The banks will ask the House of Lords for permission to appeal further, against the appeal judges' advice.
Tens of thousands of claims currently on hold in the English and Scottish legal systems will stay frozen.
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