Further Delays In The Case Against NatWest
Solicitor Tom Brennan has accused NatWest of injustice, abuse of power and unlawful conduct over the amount of overdraft fees charged by the banking giant. While Mr Brennan has actually made it to court this time (after various delaying tactics by NatwWest) and been allowed to detail his claims, the court case has yet again been adjourned until a later date.
Mr Brennan is claiming repayment of “illegal†charges as well as interest and damages, although the counsel for NatWest believe that these claims are unjustified and should not even be heard in court. This despite the fact that they have offered to repay Mr Brennan’s charges, plus interest and also wipe out his existing overdraft - which totals in the region of £4,000.
While the subject of bank charges is currently under investigation by the Office of Fair Trading (OFT), NatWest still believe that their charges are both justified and do not break the law. This ruling is a very important step in the legal challenge to the banks, and may well open the flood gates if successful. NatWest are now claiming that there is in fact no legal case to answer, and after hearing the arguments from both parties, Judge Peter Simpson adjourned the case for legal review.
The case revolves around the fact that NatWest (and many other banks in the UK) have been charging in excess of £30 for a customer going overdrawn, £30 for “bounced†cheques and other similar charges - all of which bear no resemblance to the actual financial cost or loss to the bank.
We will continue to monitor this case and advise of developments in due course.
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