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7 April 2009

FSA admits that banks have had nearly 1 million bank charge complaints

Thanks to a Freedom of Information Act request by Nick Spooner of Legal Beagles, it has been revealed that Britain's banks have received 973,000 official complaints about penalty bank charges. All of these complaints are on hold with the banks not having to deal with them because the Financial Services Authority (FSA) has allowed the banks a "waiver" on dealing with them. The waiver was granted in July 2007 when the test case was announced and has been renewed several times since.

See BBC news for the full story.

Published and promoted by Bob Egerton, TR2 4RS