In response to the Supreme Court ruling on Bank Charges, leading financial claims company BrunelFranklin.com , issues the following statement.
[UKPRwire, Tue Dec 01 2009] In response to the Supreme Court ruling on Bank Charges, leading financial claims company BrunelFranklin.com , issues the following statement.
Michael Goldstone, Chairman of BrunelFranklin.com , said:
"The ruling may well be thought of as a blow to consumers who feel the banks should return their excessive charges without any further delay. However this case has been rumbling on now for some time and the fight is certainly far from over . It is well possible that there will be other challenges to what most fair minded people believe to be the ridiculous charges levied. If the actual cost of sending a letter and processing an unpaid item is in the region of £2.50 - £5.00 as many commentators believe, natural justice dictates that levying charges of up to £39.00 would constitute profiteering in most people's minds, absolutely 'unfair', I would say.
"Most fair minded people agree that the charges have been unfair. Now it may only be a matter of time before true justice prevails and the charges are ultimately deemed unfair, by whatever route. In the meantime, the Stay on hearing Bank Charges claims has, we are told, been lifted. Consumers who believe they have claims against what they believe to be unfair charges, should continue to lodge their complaints. If the legal and other arguments continue, the date at which you lodged a complaint may become significant in the future. To avoid the double injustice of effectively being time-barred at some future date, consumers need to act now to lodge claims that may eventually be heard."
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