Empire Claims Believe Latest bank charge verdict has no effect on unfair charges Empire Claims,leading UK independent financial recovery firm, says the latest Supreme Court ruling in favour of the banks could well be illegal - and that customers should continue filing claims with
News-Antique.com - Feb 08,2010 - London, UK, Feb 05 2010 - Empire Claims, leading UK independent financial recovery firm, says the latest Supreme Court ruling in favour of the banks could well be illegal - and that customers should continue filing claims with them.
Regulated by the Ministry of Justice, the lawyers at Empire Claims have successfully won back millions of pounds in unfair bank, credit card and payment protection charges for its customers. As well as unfair bank charges, claimants successfully registered claims for unfair credit card charges, and claims for mis-sold payment protection insurance that turned out to be useless.
Empire Claims has been particularly useful following the OFT's successful action of a few years back, when the Supreme Court upheld that financial institutions could be investigated for unfair and crippling bank charges. Tackling the big banks alone is daunting, to say the least - which is why thousands of customers went to Empire Claims for help getting their money back, on a "No win, no fee" basis.
However, the banks recently successfully overturned the OFT's earlier action - a kick in the teeth for the consumer. It means banks can once more charge excessive fees without fear of investigation. The OFT has been refused leave to appeal, although the rules on credit cards and PPI's remain unaltered.
However, Empire Claims is already looking into a new legal argument for unfair bank charges - and is urging consumers to keep registering their claims with them. A glimmer of hope was offered by the Lord Chief Justice, who said it had "not closed the door on the OFT's investigations" - and that they could still try to scrutinise bank charges under other parts of the Consumer Credit Act.
"It's important to realise that neither we, or the OFT, have given up the fight," said an Empire Claims spokesperson. "We have some of the top legal experts in the field, and there is plenty of evidence that may yet see this latest ruling overturned - in the consumers' favour - so we urge you to watch this space."
For more information about reclaiming unfair charges or any other financial recovery advice, visit www.empireclaims.co.uk/ or call 0845 874 0095.
Leading UK independent financial recovery experts, Empire Claims have recovered thousands of pounds in unfair charges on behalf of their clients under their No Win No Fee agreement. Offering expert advice and legal representation, Empire Claims can handle any concerns about credit card charges, claiming back bank charges, mis sold PPI issues (payment protection insurance) and can comprehensively manage every case, saving customers time and stress and offering expertise in all areas of financial recovery.