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In response to the Supreme Court ruling on Bank Charges, leading
financial claims company BrunelFranklin.com
, issues the following statement.
Michael Goldstone, Chairman of BrunelFranklin.com , said:
"The ruling may well be thought of as a blow to consumers who feel the banks should return their excessive charges
without any further delay. However this case has been rumbling on now
for some time and the fight is certainly far from over . It is well possible that there will be
other challenges to what most fair minded people believe to be the ridiculous
charges levied. If the actual cost of sending a letter and processing an unpaid
item is in the region of £2.50 - £5.00 as many commentators believe, natural
justice dictates that levying charges of up to £39.00 would constitute
profiteering in most people's minds, absolutely 'unfair', I would say.
"Most fair minded people agree that the charges have been unfair. Now it
may only be a matter of time before true justice prevails and the charges are
ultimately deemed unfair, by whatever route. In the meantime, the Stay on
hearing Bank Charges claims has, we are told, been lifted. Consumers who
believe they have claims against what they believe to be unfair charges, should
continue to lodge their complaints. If the legal and other arguments
continue, the date at which you lodged a complaint may become significant in
the future. To avoid the double injustice of effectively being time-barred at
some future date, consumers need to act now to lodge claims that may
eventually be heard."
ENDS
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