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
Kieran O'Donnell (Fine Gael) | Oireachtas source
Chairman, I will summarise what I get from today's discussion.
Mr. Kissane has now highlighted to us that there is a large cohort of up to 5,000 customers, 4,000 of whom are with either EBS or First Active. I believe we have to pursue this matter as a committee. It is a significant proportion. We are talking about 36,000 customers at the moment and maybe another 10% on top of that. That is significant. As a matter of urgency, I ask that we invite EBS and First Active to come before the committee along with Danske Bank and Pepper. I ask that we ensure that banks cannot continue to stretch this out. They are hoping fatigue will set in and, dare I say, that we pull back a 5,000 m race rather than a marathon. We must get closure on this.
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