Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

On a related point, what is Mr. Byrne's view of these cashback offers? The Competition and Consumer Protection Commission, CCPC, commented on them in its recent report on mortgage pricing. I am of the view they distort the market. They make it very difficult for customers to properly assess what is in their long-term best interest and from what mortgage product they would get the best value over the longer term. What impact would it have if the Oireachtas were to move to legislate for such cashback offers to be brought to an end?