Dáil debates
Thursday, 18 May 2017
Ceisteanna - Questions - Priority Questions
Central Bank of Ireland Investigations
4:20 pm
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
I wish the Minister well following his earlier announcement. We have had many battles across the Chamber and this may be the last in this format.
I want to thank the Minister for his engagement so far.
The issue I have raised here is payment protection. It has been brought to my attention that there is potentially a whole new wave of payment protection insurance, PPI, policies that have been missold. I have contacted the Central Bank and am currently compiling additional information that it has requested from me. It appears that we have another scandal on our hands where the consumer has been cheated. Importantly, many might not be aware of the outcome of a court case that was held last year and the fact that the appeal was withdrawn earlier this year. It is my view on one financial institution, one insurance company, that all products that it sold after a certain date were missold as indeed the courts found in a particular test case. Is the Government going to examine the widescale nature of this issue?
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