Pearse Doherty (Donegal, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

The originator is responsible for carrying out the review and informing the Central Bank how many people it wrongly did not put on a tracker rate, took them off a tracker rate, and so on. Once the Central Bank has the numbers that there were so many thousands of cases and so many people lost their homes as a result of the measure, the Central Bank has no power to enforce a redress scheme. The loans have been sold to vulture funds, which are not regulated by the Central Bank, even after the powers that came in under the 2013 Act, how can the Central Bank ensure that if the IBRC review recommends a redress scheme, as we have seen with the majority of other banks, people are put back on the appropriate rate?