Oireachtas Joint and Select Committees
Wednesday, 14 September 2022
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Issues: Discussion
Bernard Durkan (Kildare North, Fine Gael) | Oireachtas source
I am trying to get at it from a different angle, as is my wont. I will move on.
What was the bank's attitude to tracker mortgages? Did the bank feel it was losing money as a result of tracker mortgages and if so, how did it come to that conclusion? The banks said at the time that they were losing money because of tracker mortgages; they were losing nothing at all. They were getting the money at a preferential interest rate and they wanted to add on an extra when passing it on to the consumer. How much does the bank value the consumer? Does the bank have valued customers? Are all people being treated equally or does the bank have valued customers who receive different treatment? How have they been catered for in the past 12 months and how will they be catered for in the future?
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