Bank test case needed, judge says – BBC News
“Bank customers reclaiming overdraft charges in court will continue to face a lottery unless a test case is heard, a senior county court judge has said.”
BBC News, 2nd June 2007
Source: www.bbc.co.uk
Category: banking
Judge to strike out bank claims – BBC News
“A county court judge has threatened to strike out claims by 20 bank customers who are suing for the refund of overdraft charges.”
BBC News, 1st June 2007
Source: www.bbc.co.uk
£100,000 fund will help bank customers fight unfair charges – The Independent
“Campaigners have pledged £100,000 for a fighting fund to encourage people to launch legal challenges against what they say are illegal bank charges. The money has been pledged by MoneySavingExpert.com and the Consumer Action Group as well as private individuals.”
The Independent, 30th May 2007
Source: www.independent.co.uk
Lloyds wins second charges case – BBC News
“Lloyds TSB has won a second county court case against a customer trying to reclaim overdraft charges.”
BBC News, 29th May 2007
Source: www.bbc.co.uk
‘Unfair’ bank charges left me penniless, barrister tells court – The Independent
“A bank customer was so denuded of money by ‘disproportionate and unfair’ charges that he was left penniless on his 30th birthday, a court heard yesterday.”
The Independent, 22nd May 2007
Source: www.independent.co.uk
Legal ruling fails to end court battles over bank charges – Financial Times
“This morning, Tom Brennan, a recently qualified barrister, will be back in court, fighting the latest round in the increasingly high-profile legal battle between banks and their customers over overdraft charges.”
Financial Times, 21st May 2007
Source: www.ft.com
Bank charge firms under spotlight – BBC News
“Regulators are investigating the tactics of ‘no win, no fee’ firms that specialise in recovering bank penalty charges, the BBC has learned.”
BBC News, 18th May 2007
Source: www.bbc.co.uk
Bank’s overdraft charges upheld – BBC News
“Lloyds TSB has become the first bank to win a court case after being sued by a customer for imposing supposedly unfair overdraft penalty charges.”
BBC News, 15th May 2007
Source: www.bbc.co.uk
Regina (UMBS Online Ltd) v Serious Organised Crime Agency and Another – Times Law Reports
Customer entitled to seek review
Regina (UMBS Online Ltd.) v. Serious Organised Crime Agency and Another
Court of Appeal
“The Serious Organised Crime Agency, a powerful statutory body whose decisions could imperil private and business banking activity on no more than a reported suspicion of money-laundering, should not withhold giving consent to a bank to allow it to operate a customer’s account under section 335 of the Proceeds of Crime Act 2002 without good reason.”
The Times, 15th May 2007
Source: www.timesonline.co.uk
Please note the Times Law Reports are only available free on Times Online for 21 days from the date of publication.
R (UMBS Online Ltd.) v. Serious Organised Crime Agency and another – WLR Daily
R (UMBS Online Ltd.) v. Serious Organised Crime Agency and another
“The Serious Organised Crime Agency (SOCA) was a powerful statutory body whose decisions could imperil private and business banking activity on no more than a reported suspicion of money-laundering. However it should not withhold consent to a bank to allow it to operate a customer’s account under s 335 of the Proceeds of Crime Act 2002 without good reason. It had an obligation to keep matters under review and its refusal of a bank customer’s request to revisit the matter was unlawful.”
WLR Daily, 2nd May 2007
Source: www.lawreports.co.uk
Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.
Judge attacks ‘time-wasting’ bank – BBC News
“A judge has ordered Lloyds TSB to pay the costs of a customer who sued for the return of overdraft fees, because the bank had wasted the court’s time.”
BBC News, 27th April 2007
Source: www.bbc.co.uk
NatWest pays businessman £36,000 over unfair bank charges – The Guardian
“A businessman is celebrating a record £36,000 payout after he complained to NatWest about unfair bank penalty charges. It is thought to be the largest sum refunded to an individual customer since the start of the consumer revolt over bank and credit card charges.”
The Guardian, 17th April 2007
Source: www.guardian.co.uk
Tax evaders to win partial amnesty – Financial Times
“A partial amnesty for hundreds of thousands of tax evaders who hide money abroad will be announced this week, in a move expected to bring more than a billion pounds into the Treasury’s coffers.”
Financial Times, 16th April 2007
Source: www.ft.com
One man’s legal fight for justice over bank fees – The Independent
“He is the ultimate bank rebel. After months of controversy, Britain’s banks face a landmark court challenge over charges as a result of a one-man campaign waged by a barrister who is risking his professional career to prove they are acting illegally.”
The Independent, 14th April 2007
Source: www.independent.co.uk
The ‘Supercase’ – Problems and Solutions: Reflections on BCCI and Equitable Life, by Sir Anthony Clarke, Master of the Rolls
The Supercase – Problems and Solutions: Reflections on BCCI and Equitable Life (PDF)
Speech by Sir Anthony Clarke, Master of the Rolls
KPMG Forensic’s Annual Law Lecture 2007
Source: www.judiciary.gov.uk
