Oireachtas Joint and Select Committees
Wednesday, 17 April 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Bank Charges: Discussion with Central Bank and ISME
4:00 pm
Mr. Bernard Sheridan:
In theory, yes. In practice, that is possible. My concern with what the Deputy has said is whether the bank can demonstrate that it is making the mortgage more sustainable. That is what a bank is meant to do. It must try to resolve the arrears situation. Based on what the Deputy has said, it strikes me as a little odd that a bank would up its rate unless there are other circumstances involved.