Page last updated at 15:54 GMT, Tuesday, 22 December 2009  Bank
charges challenge is dropped by regulator  OFT chief executive
John Fingleton: "We haven't given up"  The Office of Fair
Trading (OFT) has decided to drop its investigation into the
fairness of bank overdraft charges.  It follows last month's
Supreme Court ruling that the OFT could not use part of the
unfair contract regulations to decide if bank charges were
unfair.  However, the OFT said it still had "significant
concerns" about the way banks operate current accounts.  More
than a million refund claims that have been on hold since July
2007 are likely to be rejected.  The regulator said "fundamental
change" was still needed in the interests of customers.  "The
OFT has concluded that any investigation it were to continue
into the fairness of current unarranged overdraft charging terms
under the Unfair Terms in Consumer Contract Regulations (UTCCRs)
would have a very limited scope and low prospects of success,"
the OFT said.  Ian Pollock, persona