In blow to consumers, supreme court rules OFT does not have power to decide whether unauthorised charges are fairMillions of bank customers hoping to be refunded their overdraft charges were dealt a surprise blow today when the supreme court handed high street banks a landmark victory over the Office of Fair Trading.The ruling, which concluded a series of trials and appeals lasting two years, determined that the OFT could not challenge overdraft charges because it does not have the power to decide whether unauthorised charges are fair. Continue reading…
Source : theguardian.com
Read more…Court backs banks on overdraft charges
