Oireachtas Joint and Select Committees

Tuesday, 23 January 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Tracker Mortgages: Allied Irish Banks

4:00 pm

Photo of Paul MurphyPaul Murphy (Dublin South West, Solidarity) | Oireachtas source

The essential argument is that in terms of the consequence of the decision not to offer tracker mortgages to new customers, existing customers were denied their contractual rights.

Effectively, that was an unforeseen consequence and a happy coincidence from the point the view of the bank's profitability and that alone; it was not a happy coincidence from anybody else's point of view.

Comments

No comments

Log in or join to post a public comment.