By Elliot Wright, 15th December 2009
The battle of the bank charges may soon begin again according to
campaigners.
Following the banks' victory in the bank charges case at the
Supreme Court last month, Consumer group Moneysavingexpert.com has
now suggested that consumers may be able to challenge the charges
on different legal grounds.
After taking legal advice from a top banking lawyer, the group
said that section 140 of the Consumer Credit Act may apply when
challenging the fairness of bank charges.
Under the act, it is up to banks to prove that their charges are
fair, rather than for the consumers to prove they were unfair.
Under the Consumer Credit Act, it is
up to banks to prove that their charges are fair, rather than for
the consumers to prove they were unfair.
The group has urged the Office of Fair Trading to consider the
new legal avenues available although the OFT has yet to release its
response to the Supreme Court Ruling.
Consumers may also receive a boost from the government after
several MPs highlighted concerns about the fairness of bank
charges. Among them were Liberal Democrats leader Nick Clegg who
said: "Banks must not be allowed off the hook after the astonishing
court judgment last month - the fight must go on."
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