Oireachtas Joint and Select Committees

Thursday, 10 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland

11:50 am

Photo of Kevin HumphreysKevin Humphreys (Dublin South East, Labour) | Oireachtas source

Let us be reasonable. The bank has obviously investigated this and knows what the options for customers are. Has it looked to see exactly what the options are? If the bank exercises its veto, surely it has done the work to decide what the customer's other option is. When the bank has done that due diligence and examined it, it knows it is pushing people into bankruptcy. The only option it is leaving that customer is bankruptcy. I am trying to be fair - Mr. Boucher should not give me glib answers but give us honest answers. Mr. Boucher was before us previously and issued a denial in respect of a Red C opinion poll done for the bank. When we received the paperwork, it contradicted Mr. Boucher's position. I am asking him to be honest with me and to tell me that the bank has at least looked at this and understands very clearly that if it exercises its veto on the mortgage on a constant basis, it is leaving the customer with no other option but bankruptcy.

Comments

No comments

Log in or join to post a public comment.