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

My final question relates to the tracker mortgage cases before the ombudsman. We went through some of the numbers and some cases have been resolved by mediation and determination. Has Mr. Deering dealt with the prevailing rate issue in any of the cases to date? Has he adjudicated on it or has a settlement been reached as a result of mediation on the prevailing rate? It is an issue that is very much under consideration by members of this committee. We have raised it with the banks and the Central Bank. There is a lot of expectation and many people are waiting to see how the FSPO is going to adjudicate on cases before it concerning the prevailing rate.

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