Bank charges:

The following judgment will be given on Wednesday 25 November 2009 at 9.45 am:

Office of Fair Trading (Respondents) v Abbey National plc and others (Appellants)

We have been informed that The Supreme Court listings office that Lord Phillips is nearing completion of writing his judgment and that Thursday 19 November \\\'\\\'may be a suitable date\\\'\\\' to schedule the handing down.

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"Transaction/penalty charges are not always clear to the card holder; all relevant charges should be expressed in the Summary Box. Consumer bodies questioned how far charges reflected the actual costs to the issuer. We are not convinced the current level of payments is reasonable; the issue needs further investigation by the DTI. For low income and vulnerable consumers with low credit limits, fees can represent a large proportion of the outstanding balance and unreasonable fees can make debts spiral.

Conclusion
We hope that the coming months will provide evidence of effective action. This is not to say that nothing has been done already. But this seems largely to have followed pressure from this Committee.

There is a need for a more active approach from the Office of Fair Trading to protect the interests of the consumer."

The Government said there was more of an active approach needed from the OFT. However, as can be seen by the figures on the right, the OFT appears to be taking a backwards step rather than an more active approach. Therefore, this website was created to inform Consumers of their legal rights.

For far too long, High Street Banks, Credit Card company\'s and Stores Card\'s have.