• PenaltyCharges News RSS Feed

    by Published on 20-07-2010 03:23 AM  Number of Views: 137 
    Categories:
    1. News


    Campaigners against excessive bank charges are taking the Scottish Government to the European Court of Human Rights.

    Lawyers acting for customers fined thousands of pounds by lenders said Scottish civil justice authorities had failed to ensure a fair hearing for their clients.


    FULL STORY HERE
    by Published on 20-07-2010 12:13 AM  Number of Views: 101 
    Categories:
    1. News

    Penalty Charges has today asked Mr Nick Clegg for a direct answer.


    For the last 2 years The Liberal Democrats have said they think bank charges are unfair and promised to take action, they guaranteed a fairer Britain but little has yet been done in the fight against unfair bank charges.

    The BBC’s Panorama programme yesterday revealed the average interest rate was now 32%, while base rates remain at record lows.

    Vince Cable said this was further evidence of the need to inject more competition into the banking system. He said: “When we talk about restructuring the banks what’s going to come out of this is a more competitive system where customers are not ripped off.”

    He went on to say, “forcing banks to change their practices would be a key test of the coalition government."

    Stephen of Penaltycharges website responded to Vince Cable comments he said “ The Liberal’s have been saying the same thing over and over again. It’s getting to the point when you have to ask? Is the record stuck or on repeat”.

    Stephen has asked the liberal’s to confirm what action has been taken to date. He also asked them to set out a schedule, which will confirm when consumers can expect to see true reform on bank charges, NO response has yet been received!!
    by Published on 08-07-2010 06:14 AM  Number of Views: 86 

    DIRECTORS will be forced to put themselves up for re-election by shareholders every year under controversial measures to be introduced in a new boardroom code published this week.

    The increased scrutiny, to be laid out by the Financial Reporting Council (FRC), is the most comprehensive overhaul of corporate governance since the banking collapse.

    A number of blue-chip companies and veteran directors are likely to oppose the new, stiffer rules. They fear the move will undermine collective decision-making and leave firms leaderless if whole boards are ejected at once.

    The code will also usher in external boardroom reviews and call for company chairmen to think more carefully about diversity — paving the way for a greater number of women to enter the boardroom.

    Full story here timesonline.co.uk
    by Published on 02-07-2010 03:53 AM  Number of Views: 671 


    The Coalition Government is committed to restoring and defending your freedom — they are asking us all to participate.

    Today Penaltycharges.co.uk has called for a new retrospective law on Unfair Bank charges.

    Penalty charges spokes person Stephen Hone said: " We can now see if the Coalition Government will act as it promised to do, Both Nick Clegg and David Cameron said these charges were unfair and that they would scrap them".

    For those who have forgotten this promise watch the video above, the videos shows Mr Clegg promised to Act! Penalty charges now asks the leaders of the coalition government , are you men of your word?

    To add your comments on the Governments website, please click on the following link.

    YOUR FREEDOM
    by Published on 26-01-2010 12:00 AM  Number of Views: 7086 
    Categories:
    1. Success Stories
    2. News
    Article Preview

    Member fights off strikeout application for bank charges claim.


    A member has successfully fought off a strikeout application today, where Yorkshire Bank was asking the court to dismiss the claim for the return of unfair and unlawful bank charges. Member Claire H, from Rotherham, has been managing the claim for a friend and the case was stayed due to the recent Test Case. That case ended in November, with the shock decision by the Supreme Court that the regulator (the OFT) can no longer regulate on the unfair charges using the main features of the statute designed for that purpose. This has left more than a million claims pending, either filed with the courts or as requests for refunds directly to the banks.
    ...
    by Published on 19-01-2010 12:00 AM  Number of Views: 3845 
    Categories:
    1. News
    Article Preview



    NEW defence/response against strikeout applications

    Penalty charges - the leading penalty charges website - launches a new defence/ responce template against strikeout applications made by the banks. These relate to bank charges claims by members that were stayed by the courts due to the recent Test Case. Now that the Test Case has ended without a solution to the stayed claims - and the OFT has left millions of Consumers fighting for themselves - the banks are already approaching the courts trying to get the claims struck out.

    We have taken some time on this defence/responce, to make sure that it packs the required punch, and doubt that any judge will strike out a claim with this full defence/responce. This defence will enable members to amend their Particulars of Claim to include all the new legal arguments, in view of the recent judgment in the Supreme Court.
    ...
    by Published on 06-01-2010 12:00 AM  Number of Views: 3081 



    Penalty Charges regrets the recent decision by the OFT that it will no longer be continuing its case into ...

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