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 want to go on to time limits. Mr. Deering mentioned that while the change in legislation removed the prior barrier that existed and introduced the knowledge criteria that certain time limits still apply. I remember when I sponsored the original legislation we had a lengthy discussion about long-term financial services and so on. I argued against it but eventually accepted it on the basis that it was better to have the legislation passed than not passed. There are certain time limits there.

What is Mr Deering's view of the time limits and the knowledge we now have of working out the legislation and resources that are made available from his office to look at the issue of the time limits as opposed to what consumers really want, which is to adjudicate or facilitate mediation? Is there a need to look at this again as there has been a new amendment to this in the 2018 Act? What are Mr. Deering's views on that?

Comments

No comments

Log in or join to post a public comment.