Picture this scenario:
A bank levies charges on you for services. However, the bank never told you that there was a charge, and you believed that the services involved were covered by the other charges you pay.
After a number of years, the bank announces that its legal department had advised it that the charge was not legal. However, there is still a cost to providing the service, and therefore this charge will be properly announced, notified, approved and regularised. (more…)