Millions of bank customers hoping to be refunded overdraft charges have been dealt a major blow by a Supreme Court judgement.The court has overturned earlier court rulings that allowed the Office of Fair Trading to investigate the fairness of charges for unauthorised overdrafts. At stake in the case, which has run for over two years, is an estimated £2.6bn of annual income for the banks. Campaigners said they were shocked and disappointed with the decision.
Millions of bank customers hoping to be refunded overdraft charges have been dealt a major blow by a Supreme Court judgement.
The court has overturned earlier court rulings that allowed the Office of Fair Trading to investigate the fairness of charges for unauthorised overdrafts.
At stake in the case, which has run for over two years, is an estimated £2.6bn of annual income for the banks.
Campaigners said they were shocked and disappointed with the decision.
A bunch of rich privileged people ruled to protect the interests of a bunch of rich privileged people. I am amazed people are even surprised that happens. keep to the Fen Causeway
