The Office of Fair Trading (OFT) has lost its court battle to launch an investigation into the fairness of unauthorised overdraft charges. Five Justices of the Supreme Court, led by Lord Phillips of Worth Matravers, ruled this morning (25 November) in favour of seven banks and one building society, ending the two-year case which was initially brought to the High Court in 2007.
November 25, 2009 at 11:02 AM
1 minute read
The original version of this story was published on Legalweek
The Office of Fair Trading (OFT) has lost its court battle to launch an investigation into the fairness of unauthorised overdraft charges.
Five Justices of the Supreme Court, led by Lord Phillips of Worth Matravers, ruled this morning (25 November) in favour of seven banks and one building society, ending the two-year case which was initially brought to the High Court in 2007.
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