Bank charges test case could take "years"

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Bank charges test case could take "years"

Tue 31st Jul 2007

The High Court test case concerning the legality of bank charges could take "years" to resolve, it has been claimed.

Tim Wickham, director of Hall Advisory Services, has revealed that while a quick case would be in the best interest of consumers, he feels it is unlikely a decision will come any time soon.

"Because it's in the public interest, the interest should be on solving this as quickly as possible. My view is that it won't be – I think it could well drag on to appeals, and we could well see years of this," he said.

Mr Wickham also claimed that the Financial Services Authority's granting of a waiver to banks on any claims for refunds that are received during the trial is "very negative for the consumer".

Hall Advisory Services was established to help individuals claim back bank charges as quickly and simply as possible.

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