Oireachtas Joint and Select Committees

Wednesday, 24 May 2023

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

Authorised Push Payments Fraud: Banking and Payments Federation Ireland

Photo of Jim O'CallaghanJim O'Callaghan (Dublin Bay South, Fianna Fail) | Oireachtas source

If the Oireachtas is thinking of changing the law, generally at the forefront of our minds will be the interests of the public and consumers. Since so many people are the innocent victims of this type of fraud, would it be a good idea for the Oireachtas to introduce legislation that would provide for a mandatory redress scheme to allow people to reveal they were the victims of this type of fraud and place an obligation on the financial institution concerned to provide redress?

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