A landmark case brought by the Office of Fair Trading (OFT) regarding the fees charged by banks for unauthorised overdrafts is set to hit the High Court later this week (16 January), with a host of top City firms lining up to oppose the competition authority. The case will see the OFT take on seven banks and one building society in a bid to prove that the charges, which have affected thousands of customers, are illegal.
January 14, 2008 at 08:10 AM
1 minute read
The original version of this story was published on Legalweek
A landmark case brought by the Office of Fair Trading (OFT) regarding the fees charged by banks for unauthorised overdrafts is set to hit the High Court later this week (16 January), with a host of top City firms lining up to oppose the competition authority.
The case will see the OFT take on seven banks and one building society in a bid to prove that the charges, which have affected thousands of customers, are illegal.
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