Oireachtas Joint and Select Committees

Tuesday, 20 June 2017

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

Irish Mortgage Market: Competition and Consumer Protection Commission

2:00 pm

Photo of Rose Conway WalshRose Conway Walsh (Sinn Fein) | Oireachtas source

Banks are not always willing to engage. I have been to some of these courts and have seen no engagement whatsoever. I think the problem is that people are frozen with fear because of the uncertainty of what will happen next and the lack of clear process that was cited. Dr. Keating points out that the court-based system for repossession is not good and that a special court would be useful, but judging from Deputy Doherty's questions to the Minister about this, I am not convinced there is any intention that court will ever see the light of day. Will Dr. Keating point out why it would be beneficial and what cost would be forgone if such a special court did not come into play?

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