Oireachtas Joint and Select Committees
Tuesday, 26 January 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Banking Sector and Central Bank of Ireland: Discussion
3:10 pm
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source
That is reasonable advice, but are banks allowed to do this? Having done a deal, is a bank within its rights to blacklist a customer because of a failure to discharge the conditions of an original loan, a loan which everybody knows was problematic? This is not somebody who ran off and did not pay, this is somebody who has put in financial statements, who has made their precise economic position known to the bank, somebody who knows that in order to maintain the income and even repayments to the bank itself, certain things are needed to make the business function.
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