Oireachtas Joint and Select Committees

Tuesday, 30 January 2018

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

Tracker Mortgages: Bank of Ireland

7:10 pm

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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We cannot go into any of the legal cases, but I will be rooting for the customers who are taking the bank to the courts and I encourage others to test these issues in the courts also. Appendix 2 refers to someone who was currently or previously in legal proceedings as a result of going into arrears, including the issuance of a demand letter. That could have been the person Ms McDonagh was talking about who was going through a life threatening illness. Such a person would get €2,000 as a result of that action. If the courts determine that the award for that should be €20,000, will the bank revisit the entire schedule of compensation being awarded to the victims of the bank?