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08:44 EDTLYG
theflyonthewall.com: Lloyds Banking seeks dismissal of overdraft fee cases, BBC News reports
A spokeswoman for Lloyds Banking Group (LYG) explained that its lawyers would be asking local judges to apply the principles of a recent Supreme Court ruling, and would ask for the dismissal of thousands of overdraft fee cases logged against the company, BBC News reports. The Supreme Court ruled this week that the OFT could not decide the charges were unfair under consumer legislation. The OFT is currently pondering whether or not to attack the fairness of overdraft charges under other aspects of the consumer contract rules, or whether it should trigger a full scale competition enquiry into the bank's charges. Reference Link :theflyonthewall.com



News For LYG From The Last 14 Days
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March 19, 2010
12:46 EDTLYG
theflyonthewall.com: Lloyds Banking rises 7%

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05:39 EDTLYG
theflyonthewall.com: Lloyds Banking expects to be profitable in 2010

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March 16, 2010
08:28 EDTLYG
theflyonthewall.com: RBS plans massive balance sheet restructuring, FT reports

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March 15, 2010
07:53 EDTLYG
theflyonthewall.com: Lloyds Banking may move some assets in a REIT, Independent reports

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March 9, 2010
07:54 EDTLYG
theflyonthewall.com: Moody's says some U.K. banks may see bond ratings downgrades, WSJ reports

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