Time for banks to be called to account, says NCC

Commenting on the Office of Fair Trading (OFT) High Court case this week to rule whether bank charges over £30 are unfair and illegal, National Consumer Council finance expert, Carl Belgrove said: ‘NCC is calling for justice for all. The outcome of the OFT High Court case against the high street banks needs to make it clear once and for all that consumers charges must be fair.

‘We believe that it’s time that high street banks stop making easy money and take a responsible attitude to the impact of their actions on vulnerable consumers - a charge of over £30 for an unpaid standing order is enough to trigger a spiral of debt that many people on low incomes may never fully recover from.’