Banks fight on

Rather surprising to many the House of Lords has granted Abbey National amongst others leave to appeal following the Court of Appeal decision that the OFT can assess bank charges for fairness under the Unfair Terms in Consumer Contract Regulations 1999. The Court of Appeal had refused the banks permission to appeal to the House of Lords but the banks are entitled to apply directly to the House of Lords for leave to appeal.

Permission was granted on 31 March 2009 via the Appeal Committee which made the following Order that the ” Office of Fair Trading (Respondents) v Abbey National plc and others (Petitioners) That leave to appeal be given; and that the petition of appeal be lodged by 15 April.

The banks seem intent on avoiding the inevitable and delaying matters as long as they can.


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