Proceeding contribution from Lord Taylor of Goss Moor (Liberal Democrat) in the House of Commons on Tuesday, 16 January 2007. It occurred during Adjournment debate on Bank Penalty Charges.

Bank Penalty Charges

I want to press the Minister a little further, because, as he will know, the intentions of Parliament can be interpreted partly by the comments that are made in it. While he cannot comment on specific legal cases, it is evident that banks are avoiding court cases, presumably because they feel that they would lose them. Will he confirm that the intention behind the regulations was, as the OFT has stated, the same as the principle that applies to credit cards: only the administrative costs should be charged?

Secondary information

Type: Proceeding contribution
Reference: 455 c259WH
Session: 2006-07
Chamber / Committee: Westminster Hall
Subjects: Consumers Bank services Banks Fees and charges Protection
Link: View this Proceeding contribution on www.publications.parliament.uk

Bank Penalty Charges

Secondary information

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