Another chance to sue banks likely

London: British consumers are likely to get another chance to file class-action lawsuits against banks after a clause allowing such cases was dropped from legislation written to respond to the financial crisis.

The provision will probably be taken up by a new government following the May 6 general election, according to Eric Leenders, a director at the London-based British Bankers’ Association, which didn’t object to the bill.

The Financial Services Bill became law on April 8, after a clause allowing groups to sue financial services firms was abandoned when lawmakers ran out of time to debate it before parliament was dissolved ahead of the election.