Tories: Bank charges move is blow for consumers

Tuesday, 22, Dec 2009 12:20

The Conservatives' shadow Treasury minister Mark Hoban comments on the Office of Fair Trading's decision to abandon its investigation into bank overdraft charges:

"This is a huge blow for consumers. Given the uncertainty about the fairness of charges for unauthorised overdrafts, we urge the OFT to use other avenues to ensure a fair deal for consumers.

"The uncertainty created by this issue also demonstrates the need for a new consumer champion and we believe our plans for a Consumer Protection Agency meet this need. In addition, we have already called for a competition review of the banking sector and this should include bank charges."

Tories: Bank charges move is blow for consumers

The Conservatives' shadow Treasury minister Mark Hoban comments on the Office of Fair Trading's decision to abandon its investigation into bank overdraft charges:

Lawyer: Bank charges legal challenge still possible

Mike Dailly of Govan's Law Centre comments on the Today programme about the Office of Fair Trading's (OFT) decision to stop its legal pursuit against overdraft bank charges:

BBA: Banks understand customers' concerns on overdraft charges

The British Bankers Association delivers its reaction to news that OFT has abandoned its investigation against bank charges:

OFT: Options still open against bank charges

The Office of Fair Trading's chief executive John Fingleton explains his decision on the bank charges judgment:

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