Oireachtas Joint and Select Committees
Thursday, 18 January 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Tracker Mortgages: Central Bank of Ireland
9:30 am
Rose Conway Walsh (Sinn Fein) | Oireachtas source
We are not going to get any further with that today. Let me refer to the Page v.PTSB case in Roscommon a few months ago. Are our guests aware of it? The customer was not offered the choice of the tracker when the fixed rate finished. The fixed rate had been 5.99%. PTSB settled out of court. In this regard, consider the cases of the 4,000 AIB customers who were given a fixed amount of compensation. The amount that was offered first by PTSB was much less than what the court ruled. I believe it was the first court case on this. I expect there to be others. Does Professor Lane expect many of those who were just offered the fixed amount of compensation to take cases in the courts?
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