Lloyds to ask courts to throw out overdraft claims

27th Nov 2009 13:29

Lloyds Banking is to ask local courts to dismiss thousands of claims for the return of unauthorised overdraft fees.'As the judgement concludes the test case, the FSA has agreed that these complaints should no longer remain on hold,' a statement on the websites of both Lloyds TSB and HBOS reads according to the BBC.'This means that for those customers who currently have an outstanding complaint about unarranged overdrafts, we'll be writing to them shortly to let them know what today's judgment means for them.''We be asking the County and Sheriff Courts to apply the Supreme Court judgement to dismiss any claims they currently have on hold,' it added. The news comes after the Supreme Court ruled against the Office of Fair Trading in a long running dispute over the fairness of overdraft costs earlier this week. Lord Phillips judged that it was outside the regulator's remit to assess the fairness of bank of charges using the Unfair Terms in Consumer Contracts regulations.