OFT files details of claims on overdraft charges
The Office of Fair Trading (OFT) has filed at the high court details of its case against unauthorised overdraft charges paid by bank customers.
The particulars of claims will be made available on the OFT website while the watchdog continues its investigation into the legality of penalty charges levied by banks against customers who exceed their overdraft limits.
The documents examine whether or not the fairness test in the Unfair Terms in Consumer Contract Regulations applies to these overdraft charges.
A court case, beginning next year, will examine this point of law after the OFT’s market study into the current account market is published in December.