Oireachtas Joint and Select Committees

Tuesday, 19 November 2019

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

Tracker Mortgages and Differential Pricing in Insurance: Discussion

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

According to the article, the letter sent suggested the then financial regulator would carry out a probe into the issue. I would be interested, if Mr. Deering has the correspondence from the time, particularly the response from the then regulator, if he would share it with the committee, to the extent that he can. It would be very helpful. I ask him to look into it and come back to us.

To move onto more recent times, the issue of the time limit, which has now been overcome, should never have arisen in the first place. Will Mr. Deering confirm that certain banks expressly challenged the jurisdiction of his office to take some tracker mortgage complaints on the grounds that in their view they were outside the time limits?

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