Dara Calleary (Mayo, Fianna Fail) | Oireachtas source

The Minister said the Government would have no truck with this behaviour but we have known about it since 2015 and banks have dragged their feet and have dragged people's lives through the muck since that time. The Minister has been in Cabinet since 2011 so if the legislation was defective and weak he has had six and a half years to fix it, but he has not. There seems to be no plan to do it, although there is a vague promise on the matter. Today's Irish Independentfeatures one customer, Garreth Murphy. The decision on his tracker mortgage is costing him an extra €500 per month, an extraordinary amount of money, but no remedy is being put on the table for him. His is one of nearly 20,000 similar accounts. At last week's committee meeting, one gentleman spoke of how he suffered a stroke and his wife suffered a nervous breakdown directly as a result of the stress caused to them. We cannot stand by and make false promises on this issue.

Can the Minister outline the legislative framework? The Taoiseach told us yesterday that the Minister for Finance would meet the banks next week to admonish them over their behaviour. What did he mean by "admonish"? The people affected do not need tea and sympathy but action, compensation and, most important, justice.

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