Oireachtas Joint and Select Committees
Thursday, 14 June 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Matters Relating to the Banking Sector: Permanent TSB
9:30 am
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
Let us talk straight. Those paying that kind of rate - it is a crazy rate - signed up to it at a particular point in time and the terms and conditions were clear. Changes have been introduced in how breakage fees are calculated, however. In practice, has that made a difference? Are people able to break out of fixed rates without incurring significant penalties?
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