In a rare piece of good news for the hard pressed indebted public, today the High Court will hand down judgement on whether or not the Office of Fair Trading (OFT) can rule that bank charges are unfair; it is expected that the ruling will go against the banks.
If the OFT wins, it is then expected to decide that bank charges are too high.
However, even if the OFT does win and make that call, the banks will find other ways to charge their long suffering customers. Most likely the banks will introduce a charge for all account holders.
In the event that the court decides that some terms and conditions are subject to fairness assessment, while others are not, there will have to be further hearings to decide the exact level of charges.
Suffice to say, whatever the outcome, the brand image of banks and other financial institutions is at an all time low.