Carl Wright
“Following the shocking and universally unpopular decision by The Supreme Court regarding their ruling that bank charges do not have to be assessed for fairness, it is our belief that the Judgment will cause lasting damage in the eyes of the public to the Judicial System for decades to come.
During the period the ‘stay’ was in force, Cartel had continued to ensure clients received refunds on unfair bank charges. This continued success was highlighted during November, when one of our clients received in excess of £10,000 in refunded bank charges from Halifax and NatWest(please see Press Release attached).
Consumers need to be made aware that the Financial Services Authority (FSA) have now lifted their ‘waiver’ which had previously blocked the vast majority of claims from proceeding. Cartel will continue to accept client claims for the refund of bank charges in exactly the same way we have been doing successfully during the period of the ‘stay.’
We are led to believe that the OFT will continue to fight for justice and fairness on behalf of consumers under Regulation 5 possibly with guidance from the Supreme Court. However, whilst the public wait to hear the exact intentions of the OFT, we at Cartel strongly believe our clients will continue to be repaid during the months ahead, as they have been to date.”
