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

12:50 pm

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

Let us take a person who has lost a job and as a result does not have the capacity to do a deal with the bank. The bank then moves to repossess the home. It knows that the person has no money and will be struggling to put a roof over his or her head, yet it still proposes to initiate legal proceedings to try to get blood out of a stone.

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