The Office of Fair Trading (OFT) is expected to announce next Tuesday whether it will continue the fight to help bank charges victims reclaim their cash, following its Supreme Court defeat last month.
A ban on the sale of debt insurance is still at least a year away after the Competition Commission (the CC) revealed it will only lay out its next steps to protecting consumers next summer.
Lib Dems Shadow Chancellor Vince Cable has tabled an early day motion in Parliament this week calling on banks and building societies to refund 'unfair' overdraft charges.
MoneySavingExpert.com has today arranged for a top barrister, Ray Cox QC, to redraft its bank charges template letters to help breathe life back into the reclaiming campaign.
MoneySavingExpert.com is at the final stages of hiring a top QC to see whether there’s hope in the bank charges case, so I wanted to lay out the provisional legal arguments....