As you may know the Financial Services Authority allowed all the banks to suspend clients’ claims for excessive bank charges for two years. The argument is that the banks charges are excessive and in breach of unfair contract terms. This waiver was authorised by the FSA on 27th July 2007 and to begin with the waiver was just for twelve months whilst the banks and the Office of Fair Trading battled the case out in court.

But here we are two years later and the issue has still not been resolved.

Both the High Court and the Appeal Court have ruled in the favour of the clients but the banks are battling on to the House of Lords. Next week the House of Lords will start to hear the case but the outcome is unlikely to be announced for a number of months.

Let’s hope that things will be resolved in time for compensation to be paid out by Christmas!