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Lloyds bank under pressure again

Only hours after the UK Supreme Court rejected a request by the office of fair trading to effectively rule on whether UK bank overdraft charges were legal or not, Lloyds bank has confirmed it will go to the courts this week to have various claims against the company thrown out. How ironic that the banks are reacting with indecent haste while they themselves have attempted to drag on the overdraft charge saga for a number of years!

Many customers of Lloyds bank are dismayed at the fact the company is looking to dismiss these claims only hours after the ruling was made. It is also the fact that Lloyds bank has been bailled out to the tune of billions upon billions of pounds by UK taxpayers and is indeed now seen to be acting with such speed without giving customers the chance to consider their own positions.

It now seems inevitable that the whole UK banking sector will move as one over the next few days to attempt to dismiss the thousands upon thousands of claims which have been lodged over the last couple of years. However, there may be some small hope for those caught up in the overdraft charges in saga with some legal experts believing that the Office of Fair Trading may well be able to consider the charges, and there legality, under different criteria to that ruled upon by the UK Supreme Court.

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