Oireachtas Joint and Select Committees

Thursday, 8 March 2018

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

Tracker Mortgages: Mr. Padraic Kissane

9:30 am

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

I have also had correspondence from an individual who had to engage a solicitor to fight their case in the appeal. I presume this would apply to many people, who get not only legal representation but advisers such as Mr. Kissane. There are cases where the banks do not recognise the fees that are involved there. We have had the banks before the committee to tell us the schedule determining how they allocate compensation. There are those who have to fight the bank, in cases where the bank actually acknowledges that they were wronged. They may have lost a house. In this case, the individual lost a house as a result of the tracker mortgage scandal. The legal fees incurred were not top-sliced. They had to be paid out of the compensation. What are Mr. Kissane's views on that?

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