The Office of Fair Trading (OFT) has scored a victory in the High Court against some of the City's top law firms regarding the fees charged by banks for unauthorised overdrafts. Mr Justice Andrew Smith ruled today (24 April) in favour of the OFT, which argued that the charges are subject to the Unfair Terms in Consumer Contracts Regulations 1999.
April 24, 2008 at 12:59 PM
1 minute read
The original version of this story was published on Legalweek
The Office of Fair Trading (OFT) has scored a victory in the High Court against some of the City’s top law firms regarding the fees charged by banks for unauthorised overdrafts.
Mr Justice Andrew Smith ruled today (24 April) in favour of the OFT, which argued that the charges are subject to the Unfair Terms in Consumer Contracts Regulations 1999.
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