The Heavyweight: Comprehensive coverage of banking and insolvency law February 2009
03 Mar 2009
United Kingdom
2 min read
In the February edition of the Heavyweight you will see:
- The most recent judgment in the bank charges case was published on 26 February, when the Court of Appeal confirmed that bank charges were ancillary to the core bargain between bank and customer and did not therefore fall into the exclusion provided by the Unfair Terms in Consumer Contracts Regulations as the banks claimed. The OFT are therefore entitled to assess the fairness of the charges.
- The case of Shah v HSBC has raised some interesting questions about the relationship between bank and customer when the bank has statutory obligations under POCA. See our comment on the case at page 8 of the bulletin (also appearing on Law-Now).
- Links to commentary and notes on the new Banking Act 2009.
