25th November 2009:

The Supreme Court has today ruled that bank charges do not have to be fair. The decision is seen as a blow to consumer groups which have been campaigning to recover charges for consumers seen as unfair, and the many thousands of bank customers whose claims for bank charges have been on hold.

Some reputable and respected websites which have provided information to consumers so that they can seek to recover their own charges are giving detailed updates and advice on how consumers should proceed. See for example:

http://www.moneysavingexpert.com/news/reclaim/2009/11/bank-charges-banks-win-appeal

The British Bankers' Association says in a statement: "The Banks acknowledge the unanimous decision of the Supreme Court to allow their appeal. We recognise this issue has been of real concern to a large number of customers and we are pleased this decision brings clarity for all.

"The Banks will work with the regulators to ensure that the outstanding customer complaints are brought to a swift conclusion."





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