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

I put it to the delegates that they have an onus to go through the process again. This is scandalous. There is a problem with how they designed the process. Outside the fact that many of their customers believe the other process is rigged and that they have not got a fair hearing, with regard to those who lost their homes, the delegates contend that the figure was €50,000. They were supposed to go through the independent appeals process but have not done so. On the adjudications made by the independent appeals panel, the individuals concerned have walked away, on average, with 285% of the compensation figure. Individuals who endured huge torture as a result of the activities of the bank have not appealed because the bank has put the onus on the victim to appeal. It is supposed to do what is right. What has it been doing in the past two years or so to make sure people get what they deserve?

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