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June 2009

Test case hearing in House of Lords

The latest stage in the long-running saga of the so-called test case started in the House of Lords on 23 June. This is as a result of the banks appealing against the earlier Court of Appeal ruling that confirmed that unauthorised overdraft fees and other such charges are subject to the test of fairness.

The case lasted a few days and then the Lords retired to consider their decision. It is thought that they will announce their decision some time in the autumn, but no date has been given.

See later story on FSA regarding what may happen when the Lords deliver their verdict.

See Guardian website story for the report of the start of the Lords hearing.

Published and promoted by Bob Egerton, TR2 4RS