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

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I know my colleagues will pick up on that point but I will leave Ms Goggin with this comment; I argue that every cartel acts in its own economic interest. I have never heard of a cartel that acted against its economic interest. I do not believe that Ms Goggin's points hold up. She can answer that.

I want to move on to the Financial Services Ombudsman's Bureau and a number of cases in particular. It is worth saying that Mr. Deering was not in office at the time pertaining to the questions I am about to ask. Findings were made in a number of cases that were rejected by the Financial Services Ombudsman and figures have been presented to the effect that 74% of cases were rejected. How many of the cases have now been discovered to have been within scope and should therefore not have been rejected or in which there were issues regarding banks denying their customers tracker mortgages?

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