Dáil debates

Tuesday, 29 September 2015

Other Questions

Mortgage Interest Rates

4:05 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Before the end of this Dáil, will the Minister address the issue of the six-year limitation rule for access to the Financial Service Ombudsman, not just for customers denied a tracker rate but those affected by the mis-selling of payment protection policies, for example? They are being denied justice and recourse in respect of financial products which were defective or unsuitable for them from the very beginning. While the issue seems to be tied up with a wider statute of limitations review, will the Minister deal with this? The Central Bank investigation into payment protection insurance policies only dealt with cases from 2007, meaning tens of thousands of other customers have been denied justice in respect of these financial service products. If the Minister could amend that six-year rule, it would open the door for those customers to be properly and fairly treated.

Comments

No comments

Log in or join to post a public comment.