Brendan Howlin (Wexford, Labour) | Oireachtas source

More than two years have now passed since the courts found that PTSB had mismanaged a mortgage. More than two years have passed since the Central Bank began its enforcement investigation, yet only a quarter of those affected have received any redress. I do not think that is acceptable and I do not think the House believes it is acceptable.

I do not understand why the two banks concerned cannot be named here. That would be a start in the process. It is imperative that we set out a clear timeframe for compensating all affected customers and, in so far as it is possible, righting a terrible wrong that was done to them. We talked about other issues in terms of needing to have a clear timeline in which to have things done. In this case, banks have clearly abused their own customers. In my judgment, the activity of the banks, which have really benefited from the extraordinary support and benevolence of the taxpayers of this State, is a gross act of betrayal. Does the Taoiseach agree with me that we now need a clear timeline as to when all affected customers will be fully compensated for their losses?

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