Oireachtas Joint and Select Committees

Thursday, 2 March 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Financial Services Ombudsman's Bureau - Strategic Plan 2017 and Tracker Mortgage Issues: Discussion

10:00 am

Photo of Seán SherlockSeán Sherlock (Cork East, Labour) | Oireachtas source

On the FSO's interaction with the Central Bank, I will try to go back to what Mr. Deering said. The FSO stated that two of the complaints were remitted to it for further consideration, while the bank was unsuccessful in the remaining two appeals. Mr Deering stated that the FSO is waiting for the Central Bank to come back to it. He stated:

We are currently dealing with approximately 400 complaints relating to tracker mortgages. In the vast majority of these, the mediation or investigation and adjudication of the complaint has been put on hold pending the outcome of the Central Bank examination statement here.

What are the FSO's interactions with the Central Bank at present in respect of this process? How long will it take? Are those 400 cases de facto in limbo?

Comments

No comments

Log in or join to post a public comment.