As the Office of Fair Trading waits to hear from the Supreme Court with regards to whether it can set fair overdraft charge levels for banks a report has been released that indicates banks could end up paying billions of pounds back to consumers in returned overdraft charges, which would come as a huge blow given their current financial status. In fact, banks could be forced to pay back up to £20 billion in returned overdraft charges if the Office of Fair Trading wins the case. (more…)
Posts Tagged ‘Office of Fair Trading’
Banks may have to pay billions back in overdraft charges
Friday, November 6th, 2009
Yes Loans criticised by OFT
Saturday, August 8th, 2009The Office of Fair Trading has criticised a loan broker after receiving a series of complaints from unhappy customers. The complaints were made about Yes Loans, and the complaints related to the fact that many consumers were given the impression that YES was a lender and not a broker. (more…)
Beware of adverts that offer to clear your debts
Friday, March 20th, 2009Over the past couple of years we have all become used to seeing a variety of advertisement from debt companies that offer to take control of our finances and debts, clear our debts within a relatively short space of time, and leave us debt free with no hassles or problems from creditors. (more…)
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