The Office of Fair Trading (OFT) has decided not to pursue further its attempt to investigate the fairness of bank overdraft charges on current accounts, following a Supreme Court judgement against it last month.
Posts Tagged ‘Bank Charges’
OFT gives up challenge to bank overdraft charges
Wednesday, December 23rd, 2009"Whack a Banker" at 40p a go
Friday, December 18th, 2009An arcade owner in Southwold, Suffolk has installed a new machine in his pier arcade which allows punters to ‘whack a banker’ with a rubber mallet at 40p a go.
Based on the ‘Whack a Mole’ game, bankers pop up through holes in the floor and the aim is to whack as many as possible in 30 seconds.
Text Loans in 5 Minutes (Gert Koppel Txtloans)
Tuesday, December 1st, 2009Would you like to take a loan for £100, and are you happy to repay £110 a week later?
If so, you can do so from the comfort of your sofa, your supermarket or your shopping centre, by sending a simple text message.
Down, but not out: what next for the OFT and bank charges?
Friday, November 27th, 2009The Office of Fair Trading is considering its options in relation to pursuing UK banks over bank charges it regards as unfair, and has expressed the intention to reveal its next move during December. This follows a Supreme Court ruling on 25 November which found that the Office of Fair Trading did not have power to [...]
OFT must find new way to investigate bank charges
Wednesday, November 25th, 2009An Office of Fair Trading investigation into charges levied by banks for unauthorised overdrafts has today been blocked by the Supreme Court.
Stategic rethink may mean increased bank charges
Tuesday, November 3rd, 2009Banks are currently rethinking their strategy on current accounts, as part of a larger plan to seek new revenue streams in the current difficult climate. Â This may mean an end to free banking services, and in particular free current accounts, as charges are stepped up to anticipate the possible loss of other revenue sources currently [...]
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