Dáil debates

Tuesday, 24 October 2017

Ceisteanna - Questions - Priority Questions

Tracker Mortgages

3:55 pm

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

The banks, or at least some of them, have threatened to sue the Central Bank for doing its job, which is seeking to protect customers. We know that 10,000 customers have not got the money back that was wrongly taken from them, not to mention any compensation from their lenders. There may well be many more. It is certainly not the case since this emerged that the banks have dealt with it in an open, honest or transparent manner. Any independent reading of the Central Bank report last week will tell us that the banks had to be dragged kicking and screaming through this process. They tried to minimise the amount of compensation. They did not declare all the customers who were actually affected. I will repeat my two questions. Can the Minister give a categoric commitment to everyone caught up in this that they will get justice? Can he give a straight answer as to whether there will be accountability on how this could happen in the first place?

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