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

I welcome Mr. Deering to the committee. For the purpose of transparency, while not a connected person, a close relative of mine has a current complaint before Mr. Deering's office in relation to a tracker mortgage. That probably tells its own story because it was one of the 80 original complaints made to the then Financial Services Ombudsman. As we know now, more than 40,000 people had money wrongly taken from them. Unfortunately, as we see from Mr. Deering's figures, there are many, including one of the original complainants, who are still complaining about the treatment. I say that to ensure we have full disclosure.

I want to dig into some of the detail. None of the financial institutions is arguing over the time limits. Is that correct?

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