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Banks are under pressure to back down from their multi-million pound court appeal in favour of overdraft charges.
The banks are currently appealing a High Court ruling from last April that allowed the Office of Fair Trading (OFT) to determine the fairness of bank charges.
Some banks were known to charge customers up to £39 for exceeding their overdraft limit or having a cheque bounce, allegedly making the banks an extra £3.5 billion every year.
Because of the appeal, an estimated 10 million customers have had their complaints about the fees put on hold.
Now that the banks have been bailed out by taxpayers’ money, consumer rights groups are putting pressure on them to withdraw the High Court appeal.
Consumer Action Group campaigner Marc Gardner told the Daily Mail: “We ought to put this nonsense to bed quickly.
“Many [customers with charges have] got black marks on their file, and debt collectors on their backs.
“Some even face being repossessed for these unlawful charges.
“It’s a disgusting injustice that is being done by banks that we now own.”
A spokesperson for the OFT said a court decision on the banks’ appeal is expected by the end of January.
