Oireachtas Joint and Select Committees
Thursday, 7 December 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion
9:00 am
Mr. Ger Deering:
Indeed. One element is direct rectification, which would mean putting the complainant back on the correct rate or putting him or her back on a tracker. Separately, I can direct compensation of up to €250,000. Those are two separate things and they are not mutually exclusive. Both can happen. A person can get rectification and I can direct the financial services provider to give compensation as well.
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