OFT scraps plans to take further court action against banks

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OFT scraps plans to take further court action against banks

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12-22-2009, 09:43 AM

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OFT scraps plans to take further court action against banks

Consumer watchdog, the Office of Fair Trading (OFT), has announced it is to abandon plans to take further legal action against banks regarding unauthorised overdraft charges.At the end of last month, the Supreme Court ruled in favour of the banks over the fairness of the charges.The test case originally commenced in July 2007 after it [...]

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