Oireachtas Joint and Select Committees

Tuesday, 6 February 2018

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

Tracker Mortgages: Permanent TSB

4:00 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I have a query on compensation generally in respect of question 23. The reply from the bank states that compensation is set at the higher of 10% of the redress amount or €1,000. In cases where the home was not lost or where the customer was not subject to legal proceedings by Permanent TSB, the cap was 10%. Is that the case?

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