Undue influence – again?
This case dealt with very familiar arguments which a wife may raise when a bank seeks to enforce a guarantee and legal charge against her.
In September 2001, Mrs Chandra gave a guarantee in favour...
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RSSSupreme Court gives long-awaited ruling that banks’ charges cannot be considered for reasonableness under Consumer fairness laws – OFT v Abbey National, House of Lords…
Under the Unfair Terms in Consumer Contracts Regulations 1999, as between a supplier and a consumer, any contractual terms not individually negotiated shall be unfair and therefore unenforceable if they...
New retail banking conduct regime now in force
The FSA implemented its new retail banking conduct regime on 1 November 2009. It will apply to UK authorised banks, building societies, e-money issuers and credit unions.
The FSA now has the responsibility...
