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Prime Minister - Make a decision on the fairness of bank charges

Submitted on Saturday 3rd September 2011

Published on Friday 16th December 2011

Current status: Closed

Closed: Saturday 16th June 2012

Signatures: 1

Tagged with

Prime Minister ~ Supreme

Petition Action

Prime Minister - Make a decision on the fairness of bank charges

Additional Information

Almost 2 years on from the Supreme Court rilung the OFT could not assess bank charges for fairness. Nothing substantial has materialised and it seems the banks won the matter on a surprising technicality.

There are still millions of consumers who have paid thousands and thousands of pounds in unfair bank charges who with the confusion of the court cases are usnure what to do.

This petition is for the Prime Minister to instruct the OFT to assess the price of bank charges against the actual costs incurred by the banks and establish if the price is fair under The Consumer Credit Act 1974.


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