Oireachtas Joint and Select Committees
Thursday, 28 September 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank
9:45 am
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
What information is the bank obliged to provide to a customer who is looking at their options across different banks? Permanent TSB is offering cash back of 2% while another bank might have a lower interest rate but no cash back. What is the bank obliged to tell the customer by way of information in terms of how much they will be paying over the full duration of that mortgage so that they can weigh up what is in their best interests and whether the discount is worth it?
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