Difference between revisions of "Treasury Select Committee"
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| − | + | '''Treasury Select Committee Second Report''' [http://www.parliament.the-stationery-office.co.uk/pa/cm200405/cmselect/cmtreasy/274/27405.htm here] | |
Latest revision as of 22:03, 9 July 2007
Treasury Select Committee Second Report here
You can rely on the bank's evidence to the Treasury Select Committee - where they admitted (in a rare case of plain speaking and honesty!) that charges are designed to cover all debt recovery costs. They also likely cover debt write off and the loss of income from bankruptcies & liquidations etc., Thus, what is being charged is not the bank's actual loss as regards an individual customer: see para 50 here
