In the latest of the virtually unbroken series of embarrassing defeats for banks being pursued through the courts by customers sick of being hit with penalty charges - decreed as "unlawful" by OFCOM - Natwest bank has repaid £35,988 to an anonymous customer whose small business was hit with the charges.
In a related development, a number of people, including the administrator of the Consumer Action Group forums - one of the most powerful community groups challenging the UK banks now - have suggested that the 6 year limit should no longer apply. This limit - the maximum period of time bank charges could be reclaimed within - apparently no longer applies, according to several people far cleverer than I am, who know how to quote facts and figures and other things.
... Not that I consider some areas of the retail banking industry to be one of the most greedy*, incompetent and ignorant groups of numpties to ever grace this country - oh no.
Ok, I do.
Fancy some more proof? Try this ("Are Penalty Charges Bank Robbery?"), and this (video - "The Money Progamme investigates bank charges") from the BBC.
Grumpy luv /al
* Well, how else do you justify £190 in charges in a month where I'm paid £280, for two bounced payments of £15 and £50?!
