Oireachtas Joint and Select Committees
Tuesday, 30 January 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Tracker Mortgages: Bank of Ireland
7:10 pm
Gerry Horkan (Fianna Fail) | Oireachtas source
It would be useful. We heard from AIB that in the really appalling cases where people lost homes the compensation could be multiples of the redress, as opposed to less than 100% of the compensation. I do not know if that is the case in Bank of Ireland. Perhaps it is but perhaps it is not. It would be useful for us to see a range of all of the 9,400, that is, how many cases were involved in various bands of redress. It would outline for us the worst of the worst. People have contacted me with figures in the hundreds of thousands and it is important that we realise some of these people, as Deputy McGuinness and others have outlined, had appalling cases. These people could not live normal daily lives or function properly. They could not provide clothes for their children, change a car, have a holiday, get medical treatment and so on. It is important and it would have been helpful to have it here today.
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