Oireachtas Joint and Select Committees

Wednesday, 3 December 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Business of Joint Committee
General Scheme of Sale of Loan Books to Unregulated Third Parties Bill 2014: Discussion

2:40 pm

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

I have a final question on this matter. We are thinking about this Bill in the context of the sale of loans from regulated entities to unregulated entities. The actual shape of the Bill has changed quite significantly. I want to tease that last point out by using the example of a case in which AIB serviced its loan book out to Certus. I am speaking hypothetically. As things stand, if I have an issue with AIB - I do not even have a bank account with AIB - I can go to the Financial Services Ombudsman and take a case against AIB. Under this legislation, would I now be taking a case against Certus?